Alex Gerko
Alex Gerko | |
|---|---|
| Born | December 3, 1979 |
| Occupation(s) | Businessman and Entrepreneur |
| Known for | Founder & owner of XTX Markets |
| Children | 3 |
Alex Gerko (born 3 December 1979) is a financial trader and founder of XTX Markets based in the United Kingdom.[1][2]
Career
He has a PhD from Moscow State University.[3] Gerko started his career trading equities at Deutsche Bank and then moved into foreign exchange.[4]
In 2009, he joined GSA Capital, a UK-based hedge fund, where he stayed until 2015.[5]
In January 2015, Gerko founded XTX Markets, an algorithmic trading company that uses algorithms to trade the difference in market prices across a variety of venues.[5][6] Gerko holds a 75 per cent majority interest in the company.[6]
In 2022, the company reported a 64% increase in profits to £1.1 billion.[4]
Since 2020 Gerko has donated £25 million to out-of-class maths clubs, through the Mathematics Education for Social Mobility and Excellence charity (MESME), which Gerko set up.[7]
Personal life
Gerko moved to the UK in 2006.[5] He lives with his wife and three children in North London.[8]
In 2022, Gerko renounced his Russian citizenship after a lengthy legal process.[8] He is a British citizen.[5]
In January 2023, he was named as the largest taxpayer in the UK by the Sunday Times Tax List, paying £487 million in tax.[9][10]
As of August 2023, Gerko's net worth is estimated at £8.5 billion according to the Bloomberg Billionaires Index.[4][11]
References
- ^ Hurley, James. "Russian trader Gerko's mission to help British kids live life by numbers". The Times. ISSN 0140-0460. Retrieved 2023-01-27.
- ^ Hurley, James. "Alex Gerko gives millions to charity". The Times. ISSN 0140-0460. Retrieved 2023-01-28.
- ^ "How a math whiz traded without humans to make $700million fortune". gulfnews.com. 5 December 2019. Retrieved 2023-01-27.
- ^ a b c Hosking, Patrick (2023-08-23). "Britain's biggest taxpayer Alex Gerko sees net worth double". The Times. ISSN 0140-0460. Retrieved 2023-08-23.
- ^ a b c d Oliver, Matt (2023-01-27). "Russian-born City trader named as Britain's biggest taxpayer". The Telegraph. ISSN 0307-1235. Retrieved 2023-07-17.
- ^ a b Asgari, Nikou (17 July 2023). "XTX reports profits of £1.1 billion". Financial Times. Retrieved 2023-07-17.
- ^ "Billionaire's plan to make English pupils world's best at maths". schoolsweek.co.uk. 2023-05-27. Retrieved 2024-01-11.
- ^ a b Times, The Sunday (2023-07-12). "Alex Gerko net worth — Sunday Times Rich List 2023". The Times. ISSN 0140-0460. Retrieved 2023-07-12.
- ^ "Billionaire Quant Trader Alex Gerko Named UK's Biggest Taxpayer". Bloomberg.com. 2023-01-27. Retrieved 2023-01-27.
- ^ "Top 20 taxpayers in UK revealed". The Independent. 2023-01-27. Retrieved 2023-01-27.
- ^ Wallace, Tim (2023-08-21). "Britain's highest taxpayer doubles fortune to £8.5bn". The Telegraph. ISSN 0307-1235. Retrieved 2023-08-23.
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