Konstantin Rashap and Yaroslav Karpovich have fully exited
the RoboMarkets group, withdrawing from projects previously associated with the
company in the post-Soviet market. They also sold their shares in several joint
projects to the main shareholder, RFG Holding, according to Finance Magnates
RU. The financial terms of the transactions were not disclosed.
The moves follow a restructuring announced by RoboMarkets in
2024. The
group said it would refocus on serving stock investors, citing market
conditions. Under the plan, its BaFin-regulated German entity will handle
European retail clients and offer only stocks, bonds, and ETFs. The
CySEC-regulated Cyprus unit will shift to institutional clients.
Rashap Resigns Chief Business Officer Role
Rashap stepped down from his role as Chief Business Officer
at RoboMarkets Ltd, the group’s CySEC-regulated Cypriot entity.
Rashap has been active in financial markets since 2000,
starting as a day trader in US and European stocks and futures. Between 2008
and 2013, he worked as an analyst and later chief analyst at Admiral Markets,
now branded as Admirals. He joined the Robo group, which operates the
RoboMarkets and RoboForex brands, in 2015. Rashap is a Lithuanian national and
has lived in Cyprus since 2020.
Executives Build RoboMarkets Brand Across Europe
Karpovich, also from Lithuania, holds a master’s degree in
information technology from Vilnius Gediminas Technical University. He began
his career at Admirals in 2010, where he first worked with Rashap.
The two
joined Robo group in 2015 and contributed to the company’s regional expansion
and media presence. The RoboMarkets brand grew in Europe through business
development efforts, including sponsorships of Lithuanian football club
Žalgiris in 2018 and German club Eintracht Frankfurt.
According to Finance Magnates RU, licenses, agency networks,
and brand promotion in Europe were developed over more than a decade by the
broader management team.
Rashap Explains Decision Following Governance
Disagreement
Rashap provided a brief comment to Finance Magnates RU,
saying, “They did not agree with characters,” adding that this is “a joke.” In
a longer statement, he said he did not want to diminish past work.
“I do not
want and will not devalue what has been done and what we built together,” he
said. He added that the decision followed a divergence in views, stating, “Our
views, views and vision of the situation of governance and development with the
majority beneficiary of business have dispersed.”
Rashap described the decision
as professional, noting, “When you’re a professional, you don’t agree with
what’s going on and you don’t see ways to change something – you’re out.”
This article was written by Tareq Sikder at www.financemagnates.com.
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