In recent developments within the financial services sector, several high-profile appointments and changes have taken place across various companies.
Revolut has expanded its board by welcoming Stavros Anastasiou as a Board Advisor. Anastasiou is well-respected in the foreign exchange (FX) and contracts for difference (CFD) trading landscape and brings with him a wealth of experience. Previously, he served as the Chief Executive Officer of Markets.com for over two years. His background also includes significant roles at CySEC-regulated entities, where he notably spent four years as Executive Director at Safecap Investments. His expertise is expected to enhance Revolut’s strategic direction.
Meanwhile, prime broker EXANTE has further strengthened its technological backbone by appointing Sergei Solomatin as the Director of IT Operations. With over two decades of experience in IT roles within Russian financial institutions, including significant upgrades at FINAM, Home Credit and Finance Bank, and Svyaznoy Bank, Solomatin’s background is likely to propel EXANTE’s technological advancements and operational efficiency.
In a notable shift within N26, co-founder Valentin Stalf has announced his intention to step down as CEO and transition to a position on the supervisory board. This change appears to coincide with increasing regulatory scrutiny from Germany’s financial regulator, BaFin, which has raised concerns regarding the company, including discussions surrounding potential sanctions. Additionally, Stalf and co-founder Max Tayenthal are exploring the possibility of relinquishing their special voting rights in connection with their joint ownership of about 20% in N26.
In the crypto arena, Tether Holdings SA made headlines by appointing Bo Hines as a strategic advisor. Hines, who previously led President Trump’s digital assets advisory council, stepped down from his government role earlier this month. He played a critical role in organizing the Trump administration’s inaugural crypto summit and contributed to initiatives such as the Genius Act. His appointment at Tether aligns with the company’s efforts to amplify its presence in the U.S. market.
Digital asset trading platform GCEX has announced the recruitment of Kevin Gillespie, a seasoned financial markets professional with 35 years in the industry. Gillespie will spearhead sales and business development initiatives across the UK and EMEA regions. His prior role at Laser Digital, a Nomura Group subsidiary, involved overseeing digital asset and FX sales targeted at institutional clients, which positions him well for his new responsibilities at GCEX.
Lastly, Pepperstone, an Australian forex and CFDs broker, has undergone significant leadership changes. Tom Williams has been elevated to the position of Chief Operating Officer, while Rob Bowen, who previously held the Group COO title, will now serve as Chief Commercial Officer. Bowen has a robust background with the firm, having also been the Chief Executive of Pepperstone’s UK entity for more than six years.
These moves reflect the dynamic nature of the financial services landscape, as firms seek to adapt and innovate in response to market demands and regulatory environments.