Alex Gerko

Last updated
Alex Gerko
Born (1979-12-03) December 3, 1979 (age 44)
Occupation(s)Businessman and Entrepreneur
Known forFounder & owner of XTX Markets
Children3

Alex Gerko (born 3 December 1979) is a financial trader and founder of XTX Markets based in the United Kingdom. [1] [2]

Contents

Career

Born in Russia, he has a PhD from Moscow State University. [3] Initially, Gerko started his career trading equities at Deutsche Bank in 2004, and then moved into foreign exchange trading. [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]

As of August 2023, Gerko's net worth is estimated at £8.5 billion according to the Bloomberg Billionaires Index. [4] [9]

In January 2024, he was named as the largest taxpayer in the UK by the Sunday Times Tax List, paying £664.5 million in tax. [10] In the Sunday Times Rich List 2024 ranking of the wealthiest people in the UK he was placed 12th with an estimated net worth of £12.055 billion. [11]

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References

  1. ↑ Hurley, James. "Russian trader Gerko's mission to help British kids live life by numbers". The Times . ISSN   0140-0460 . Retrieved 2023-01-27.
  2. ↑ Hurley, James. "Alex Gerko gives millions to charity". The Times . ISSN   0140-0460 . Retrieved 2023-01-28.
  3. ↑ "How a math whiz traded without humans to make $700million fortune". gulfnews.com. 5 December 2019. Retrieved 2023-01-27.
  4. 1 2 3 Hosking, Patrick (2023-08-23). "Britain's biggest taxpayer Alex Gerko sees net worth double". The Times . ISSN   0140-0460 . Retrieved 2023-08-23.
  5. 1 2 3 4 Oliver, Matt (2023-01-27). "Russian-born City trader named as Britain's biggest taxpayer". The Telegraph. ISSN   0307-1235 . Retrieved 2023-07-17.
  6. 1 2 Asgari, Nikou (17 July 2023). "XTX reports profits of £1.1 billion". Financial Times. Retrieved 2023-07-17.
  7. ↑ "Billionaire's plan to make English pupils world's best at maths". schoolsweek.co.uk. 2023-05-27. Retrieved 2024-01-11.
  8. 1 2 Times, The Sunday (2023-07-12). "Alex Gerko net worth — Sunday Times Rich List 2023". The Times . ISSN   0140-0460 . Retrieved 2023-07-12.
  9. ↑ Wallace, Tim (2023-08-21). "Britain's highest taxpayer doubles fortune to £8.5bn". The Telegraph. ISSN   0307-1235 . Retrieved 2023-08-23.
  10. ↑ Watts, Robert (2024-01-29). "The Tax List 2024: the UK's 100 biggest taxpayers revealed". The Times . ISSN   0140-0460 . Retrieved 2024-01-29.
  11. ↑ Watts, Robert, ed. (17 May 2024). "The Sunday Times Rich List 2024". The Sunday Times. Retrieved 17 May 2024.
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