Trading technology provider Leverate has secured a new CEO and Executive Director for its Cyprus branch, appointing Alkis Hilton to the lead role. The appointment will help usher in a new growth strategy for Leverate, with the group looking to leverage Hilton’s lengthy expertise in the online trading space.
The news comes nearly two weeks after the resignation of Leverate’s former CEO, Yasha Polyakov, who relinquished his role after nearly two years. Polyakov was succeeded by the co-founder and former CEO of Leverate, Ran Strauss, who returns to the same position he held with the company during its early days.
Hilton steps into his new role following a lengthy career in the financial services arena. Prior to landing at the tech provider, he worked as CEO of AAATrade, a Cyprus based and regulated liquidity provider. Additionally, he was a mainstay at binary options broker-turned-tech provider IQ Option, where he served as CEO and Executive Director of its European operations for nearly four years.
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Hilton also held several back office and customer service roles at different FX brokers including HotForex, FX Global Markets (FXGM) and FxPro Group.
Leverate upgrades Regtech solution
Hilton will lead the company’s operations in Cyprus during its restructuring phase, shifting focus from complete turnkey solutions to a more customizable product lineup.
Leverate, which is specializing in brokerage solutions, has recently introduced new updates for its Cyprus-based Regtech solution Regyoul8. The developments come as the regulatory landscape grows more complex, where we’re seeing an explosion of Fintech providers stepping in to develop new solutions or upgrade their exciting offering.
The recent upgrade is designed to help firms comply with the vast scale of MiFID II reforms, which came into effect in January 2018. Leverate said the re-launched solution specifically helps Cypriot firms meet CySEC’s stringent regulatory requirements, as country’s venues and brokers are already gearing up for a seismic shift that has been a long time coming.