Anthony Wollenberg, a non-executive director and founder shareholder at eToro’s UK branch, has stepped down from the board, ending a tenure that stretched back more than 14 years to the company's earliest years in Britain. His departure, recorded via Companies House filings, removes one of the last remaining links to the founding-era leadership of the FCA-regulated UK subsidiary.

Wollenberg, a 76-year-old London-based solicitor, was formally appointed to the eToro UK board on March 2, 2012, at a time when the social trading platform was still a niche player with ambitions far exceeding its then-modest UK presence. What followed was one of the longest continuous board tenures at the UK entity.

A Founder Shareholder, Not Just a Board Name

His role was never operational in the traditional executive sense, but Wollenberg's presence on the eToro UK board carried weight that went beyond the typical non-executive appointment. He was a founder shareholder of eToro Group Limited, meaning he had a personal stake in the company's success long before it became a household name in retail trading .

That status became relevant again in recent years. When Wollenberg joined the board of ADVFN Plc, the London-listed financial data platform, in April 2022, his ADVFN appointment documentation specifically cited his eToro founder shareholder role as a key credential, at a moment when eToro's planned Nasdaq listing was beginning to attract serious Wall Street attention.

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He left the ADVFN board in January 2025. Prior to that, he had also served as a director at IFX Group, the forex broker, giving him a career-spanning view of retail trading long before the term "fintech" became fashionable.

From Law Firms to FCA Boardrooms

But Wollenberg built his reputation in law, not finance. Though the two have been difficult to separate throughout his career. He founded the law firm Rakisons, which later merged with Steptoe & Johnson, the US firm with a strong transatlantic financial services practice. He also held senior roles at Dentons and Salans, two of the world's largest law firm networks, and served as an arbitrator at the London Court of International Arbitration.

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His legal specialty - securities, derivatives, gaming law, and financial fraud prosecution - made him a natural fit for a fast-growing FCA-regulated trading platform navigating a complex regulatory environment. Since 2019, Wollenberg has operated as an independent freelance solicitor, continuing to advise in those same areas.

He also holds a personal management license from the UK Gambling Commission and is a founding member of the International Association of Gaming Attorneys, reflecting a career that has consistently bridged financial services and gaming regulation.

Board Turnover at eToro UK Accelerates

Wollenberg is not the first long-serving board member to exit the eToro UK entity in recent years. Shalom Berkovitz, who spent seven years on the board, left when he retired, while hedge fund veteran Lord Stanley Fink joined as a non-executive director in March 2021, bringing a distinctly different institutional profile to the board.

Daniel Moczulski, who leads eToro's UK commercial operations, has become one of the more visible faces of the company's British business in recent years, discussing market trends and investor sentiment with increasing regularity.

eToro's Turbulent Post-IPO Period

Wollenberg's exit lands at a difficult stretch for the company he helped build from its earliest UK days. eToro completed its long-awaited Nasdaq IPO in May 2025, pricing shares at $67 under the ETOR ticker in what was one of the most anticipated fintech listings of the year.

The debut was strong, shares soared nearly 40% on their first day. Since then, however, the stock has lost close to half its value, even as the company reported record full-year revenues for 2025.

In January 2026, the company confirmed it was cutting approximately 7% of its global workforce, with CEO Yoni Assia writing to staff that the firm had taken "the difficult decision to reduce our global headcount." Artificial intelligence was cited as a partial driver of the restructuring, a framing shared by other brokers undergoing similar cuts at the time, as AI increasingly features in broker layoff justifications across the industry.

Wollenberg's resignation leaves eToro UK without one of its most legally experienced board members, and one of the few remaining individuals who was there when the UK entity was first taking shape.