Admirals has appointed the Supervisory Board Leader of Admirals Group, Alexander Tsikhilov, to take on responsibilities as the new CEO.

Continuing its commitment to strengthening the scale of its business, Admirals forex broker has welcomed the new CEO, Alexander Tsikhilov, who previously served as Chairman of the Supervisory Board of Admirals Group from early March 2024. He will replace Sergei Bogatenkov, who will leave the company at the end of February.

The inauguration of the Executive Leader occurred after reorganizing the leadership structure, which involved many board members. In recent forex broker news, the supervisory board of Admirals forex broker confirmed the departure of executives Sergei Bogatenkov and Andreas Ioannou.

"We thank Sergei and Andreas for their leadership and vision and would like to recognize the enormous contribution they have made in strengthening the foundations over the past several years," Tsikhilov said.

One of the fundamental reasons for this reconstruction was the merger of this swap-free broker with its Estonian subsidiary, Admirals Markets AS. Despite the ongoing restructuring, the company continues to underline its commitment to Tallinn, Estonia, as its headquarters, which currently employs more than 100 professionals.

To smooth this challenging transition process, Tsikhilov will focus more on rebalancing resources and adjusting the strategic focus on geography and products. He will also lead efforts to maintain a supportive, inclusive, and empowering work environment as a prerequisite for sustainable business success.


Admirals offers a powerful trading experience for a wide range of investors. This FCA and ASIC-regulated broker boasts extensive tradable instruments, including forex, stocks, indices, ETFs, commodities, and even cryptocurrencies.