eToro, a global investment platform known for its social trading capabilities, has appointed Lord Stanley Fink as a non-executive director at its UK-registered subsidiary. He already held a part-time position as a special advisor at the brokerage.
According to a recent Companies House filing by eToro’s UK-based entity, Lord Fink assumed the new position on March 1, 2021, and will be based in the brokerage’s London office.
As Finance Magnates reported earlier, he initially joined eToro in mid-2018 to advise the firm on crypto assets. Then, eToro started to explore cryptocurrencies and gained a license for its crypto arm in Gibraltar within months of his joining the company.
A Crucial Time for eToro’s Business
“We are very pleased to confirm that Lord Fink has joined eToro UK’s Board as a Non-Executive Director,” eToro’s Communications Head, Amy Butler, told Finance Magnates. “Lord Fink has been an advisor to eToro since 2018. Our UK business is growing rapidly, and we are thrilled that Lord Fink has agreed to a more active role in supporting our continued expansion.”
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Indeed, the revenue of the UK unit witnessed an annual surge by more than 47 percent in 2019, reaching $3.1 million. His appointment at eToro came when the company is reportedly gearing up for a $5 billion public listing in the United States.
Apart from eToro, Lord Fink is holding the position of Chairman at four other companies – one is Bud, a UK-based fintech startup working on open banking, and the other three are Project Etopia, Hay Hill Wealth Management, and British Pearl, an online property investment platform. Furthermore, his Linkedin profile shows that he sits on the board of Farillio and Seneca, both of which are startups.