Troubled trading firm London Capital Group replaced 75 per cent of its staff last year, and yesterday announced its executive chairman Charles-Henri Sabet has been appointed as chief executive.
The firm made a statutory pre-tax loss of £7.8m for 2014, more than twice the £3.7m loss made in 2013.
Its revenues from continuing operations fell 10 per cent to £22.7m.
Sabet said that the company has implemented a new strategy since changing its management at the end of the third quarter, and he hopes it will result in a recovery.
“To enable the group to achieve a return to growth later in the year, we have instigated several significant improvements. These include marketing our competitive MetaTrader 4 offering, improving the overall client experience and installing a greater emphasis on client servicing,” said Sabet.
He also said the firm is undertaking a rebranding exercise.