Axi Management Takes Full Company Ownership from RGT Capital, Continues Growth Trajectory

Fazzaco learned that the Australian forex broker Axi, previously known as AxiTrader, is now fully under the control of the company's management.

Axi management, led by Rajesh Yohannan, the Chief Executive Officer (CEO) who took over the reins from founder Goran Drapac, and Chief Commercial Officer Louis Cooper, has taken full ownership of the company from RGT Capital after a recent completion of the MBO (management buy-out).

RGT Capital is a private equity firm providing growth capital to a variety of businesses both in Australia and internationally. RGT has backed a number of investments including Tasman Lifestyle, a manufactured housing estate firm. Other investments include mobile application business Tigerspike and craft beer company Young Henrys. Back in 2016, RGT Capital made a significant investment in Axi.

The change of control from RGT Capital to Rajesh Yohannan and his team was effected in October and granted approval by key regulators.

"Myself and the senior management team represent over 120 years of experience in the CFD and Margin FX retail space, and we believe we are best placed to take the company forward, and truly deliver an Edge to our valued clients and partners across the 100 plus countries we operate in. We are well capitalised as a company and regulated by top tier regulators across the globe – notably by the FCA in the UK, ASIC in Australia and the DFSA in the UAE – so we are well placed for responsible growth," Rajesh said.