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GCEX, the regulated digital prime broker, has named Stanislav Bunimovich as Managing Director, APAC and Strategic Adviser to the CEO, Lars Holst. Based in Australia, Bunimovich will spearhead the firm’s expansion across the Asia-Pacific region, focusing on onboarding hedge funds, brokers, family offices, and professional traders under GCEX’s regulated UK, Danish, and Middle East entities.
Bunimovich joins GCEX after more than a decade at Finalto (formerly CFH Clearing), where he rose through the ranks to become Chief Operating Officer and Board Member. He first joined CFH Clearing Ltd in 2013 and was promoted to COO at Finalto in 2021, overseeing growth and building technology-driven liquidity frameworks. His departure from Finalto earlier this year followed a series of management changes at the company, which was acquired by Gopher Investments in 2022. A Finalto spokesperson commented, “We can confirm that, as a result of recent internal changes, Finalto and Stanislav Bunimovich have parted ways. We appreciate Stanislav’s contributions during his time with the company and wish him all the best in the future.”
In his new role, Bunimovich will be responsible for driving growth across GCEX’s full product suite, with a particular emphasis on scaling crypto-related services. He is also expected to leverage his expertise in FX trade flow and trading platforms to deliver greater value to institutional clients.
Lars Holst, Founder and CEO of GCEX
Commenting on the appointment, Lars Holst, Founder and CEO of GCEX, said: “This is a significant hire for GCEX. Stanislav is widely respected in our industry for driving growth and championing client-focused innovation. His deep insights, network and leadership experience are major assets for GCEX. I’m delighted to welcome him back to my team and confident he’ll supercharge our ambitions across APAC and beyond.”
Stanislav Bunimovich added: "I’m honoured and excited to join GCEX as Managing Director of APAC and as Strategic Advisor to the CEO. With interest in digital assets from institutional clients in the region at an all-time high, this is an ideal time to be focusing on accelerating GCEX’s growth in the region. I look forward to partnering with our exceptional team and industry leaders to further expand our footprint in APAC and advance GCEX’s mission of transforming financial markets through digital innovation."
GCEX has recently reported strong growth, with its UK entity posting a 63% increase in turnover for 2024, driven by a 315% rise in crypto CFD trading volumes. The company continues to diversify its offerings, including the launch of new spot commodities and the expansion of its XplorDigital technology suite, which features plug-and-play solutions such as ‘Crypto in a Box’ and ‘Broker in a Box’. These platforms are designed to address regulatory requirements while providing custody solutions, staking capabilities, and access to deep liquidity.
GCEX is headquartered in London and operates under regulatory approvals from the UK’s Financial Conduct Authority, the Danish Financial Supervisory Authority, and Dubai’s Virtual Assets Regulatory Authority. The company’s APAC expansion has included previous senior hires, such as Sue Cheung as Head of APAC Sales, and the opening of an office in Kuala Lumpur to support regional growth.
Industry reaction to Bunimovich’s appointment has been positive. One executive at a competing prime brokerage remarked, “Stanislav’s track record in building technology-driven liquidity solutions is well known. His move to GCEX signals their serious intent to become a major player in APAC digital assets.”
Another industry observer commented, “GCEX’s rapid growth in digital assets and their focus on institutional clients puts them in a strong position, especially with experienced executives like Stanislav joining the leadership team.”
