FNG has exclusively learned that the ownership of the retail FX and CFDs brokerage HYCM is being transferred to its senior managers via a management buyout. Roger Bach and Stavros Lambouris, both long-serving HYCM executives, are acquiring controlling stakes in the business from its Hong Kong-based parent company, Henyep Group.
Mr. Bach has helmed HYCM’s UK entity since 2005 as Director and CEO. Mr. Lambouris joined HYCM in 2007 and has led EU & international operations from Cyprus as CEO since 2014. They will jointly steer the multi-regulated brokerage going forward upon gaining regulatory approval for the change in ownership.
The buyout will see the pair assume control of HYCM’s key subsidiaries regulated by the UK’s FCA, Cyprus’ CySEC, and the Dubai DIFC authorities. Offshore entity HYCM Ltd is also part of the transaction.
In an exclusive statement, Mr. Lambouris expressed excitement about taking HYCM “to greater heights” backed by its talented team and client trust.
Mr. Bach thanked Henyep Group for facilitating a smooth ownership transition, signaling both parties anticipate maintaining a positive relationship.
HYCM has grown significantly since rebranding fully in 2016 under Henyep Group’s multi-year stewardship. It provides FX, commodities, indices, and shares CFD trading to retail and institutional clients globally via multiple regulated entities.
The management buyout is the latest development for a brokerage set to celebrate two decades of operations in 2023. It positions HYCM for continued expansion under the guidance of executives intimately familiar with its strategy, culture, and regulatory landscape.
Pending final regulatory nods, Messrs. Bach and Lambouris will commence the next chapter in HYCM’s evolution reliant on their combined experience, industry expertise, and commitment to serving clients. This vote of confidence signifies robust prospects for the HYCM brand.
