In the latest developments within the finance and digital asset sectors, notable executive appointments and changes have taken place across several companies.
Revolut has welcomed Stavros Anastasiou as a Board Advisor. Anastasiou, who has a significant background in foreign exchange (FX) and Contracts for Difference (CFDs) trading, comes from a solid foundation in Cyprus’s financial services industry. He was formerly the Chief Executive Officer of Markets.com for over two years and has held high-ranking positions in other regulated firms, including a four-year role as Executive Director at Safecap Investments.
Meanwhile, in Cyprus, EXANTE has appointed Sergei Solomatin as the Director of IT Operations. Solomatin is expected to enhance the company’s technological capabilities, drawing from his more than 20 years of IT expertise at various Russian financial institutions, such as FINAM and Home Credit and Finance Bank, where he managed significant technology upgrades.
In other news, N26 is experiencing leadership changes as co-founder Valentin Stalf prepares to step down from his role as CEO to take a position on the bank’s supervisory board. His resignation occurs amid scrutiny from Germany’s financial regulator, BaFin, which has raised concerns regarding the bank’s operations and potential sanctions. Stalf and co-founder Max Tayenthal are also contemplating the relinquishment of special voting rights linked to their combined 20% ownership stake.
In the cryptocurrency sector, Tether Holdings SA has appointed Bo Hines, who previously led the digital assets advisory council under the Trump administration, as a strategic advisor. This appointment is aimed at bolstering Tether’s expansion into the U.S. market. Hines has a notable background, having organized the first crypto summit during his term and contributed to the advancement of digital asset legislation.
Moving forward, GCEX has announced the hiring of Kevin Gillespie, who possesses 35 years of financial market experience, to guide its sales and business development initiatives in the UK and EMEA regions. Gillespie previously served at Laser Digital, a branch of Nomura Group, where he focused on sales related to digital assets and FX for institutional clients.
Additionally, Pepperstone, an Australian forex and CFDs broker, has made significant promotions within its management team. Tom Williams has been elevated to the position of Chief Operating Officer, while Rob Bowen has transitioned from Group COO to Chief Commercial Officer. Bowen previously held the Group COO role for over five years and has been the Chief Executive of the UK branch for more than six years.
These changes reflect the dynamic landscape of the finance industry as companies continue to adjust their leadership and operational strategies in response to market demands and regulatory environments. The appointments aim to strengthen technological capabilities, expand market reach, and navigate compliance challenges effectively.