Capital.com, owned by Viktor Prokopenya, has had its apex leadership changed through the appointment of Kypros Zoumidou as the Group Chief Executive Officer, replacing outgoing Peter Hetherington. This came as an internal hire, as Zoumidou joined the brokerage group at the beginning of last year as the UK Managing Director and later took up the additional responsibility as the Group Chief Commercial Officer.

New CEO of Capital.com

The official announcement today (Monday) detailed that Hetherington will continue to be with the brokerage group in an advisory role until 2026 to ensure a smooth transition and to provide strategic guidance to the company.

Hetherington, who earlier headed IG Group as the CEO, joined Capital.com in the apex role last year in May after the resignation of Jon Squires. He left the position in merely 17 months.

“On behalf of the entire Board, I would like to thank Peter, whose transformational leadership has been the driving force behind Capital.com,” said Prokopenya, who founded the brokerage group. “Guided by his vision and the execution of his strategic roadmap, he has rapidly led Capital.com to its next stage of growth and laid a solid foundation for his successor to build on.”

Another Former Executive of IG at Helm

Zoumidou is one of the many former executives and employees of IG who joined Capital.com in the last couple of years. Apart from Captial.com, he also worked with Hetherington at IG.

He joined Captal.com in January 2022 after spending 13 years at IG. He became a part of the London-listed broker in May 2010 as the Compliance Head of Europe and the UK. He climbed the corporate ladder to become a Senior Executive Officer in late 2014 and the Global Head of Client acquisition. At the time of separation, he held two simultaneous positions: the Chief Executive Officer of Brightpool and the Commercial Director of International.

Before IG, Zoumidou spent about a couple of years at London-based Mint Equities as the Head of Compliance. He was additionally the Head of UK Compliance for E*TRADE Financial between July 2005 and July 2008. He also held compliance-centric roles at Mizuho Corporate Bank and Lewis Charles.

“Having worked alongside Peter for over a decade, most recently at Capital.com, we were able to align our goals and mission quickly,” Zoumidou said. “I aim to build on Peter’s success and bring further growth to the solid base we have built. I look forward to working closely with our talented global team, who will help me drive our business forward.”

Hetherington added: “Having successfully implemented robust processes, procedures and improved the Group’s operational performance, Capital.com is well placed for future growth. I have full confidence in Kyp’s ability to lead the team and drive future growth.”