eToro, a multi-asset investment platform, announced on Monday that it has appointed Michael Ptasznik to its Board of Directors, joining at the closing of its merger with Fintech Acquisition Tech V. According to the press release with Finance Magnates, Ptasznik also becomes a member of the Board’s Audit and Risk Committee.
Recently, the executive led the corporate strategy, M&A, finance, investor relations, risk management, corporate ESG and real estate as CFO and Executive VP at Nasdaq. Before joining Nasdaq, Ptasznik had worked for companies like TMX Group Limited and Procter & Gamble Canada Inc. According to his educational background, Ptasznik had graduated with honors BBA from Wilfrid Laurier University, a Chartered Professional Accountant, and had obtained his Chartered Director designation from McMasters University.
“We are thrilled to welcome Michael to the eToro Board. He brings with him a wealth of experience, including in-depth knowledge of finance, regulation, corporate strategy and risk management. Michael was part of the team that achieved accelerated growth for Nasdaq as a global technology leader, so it feels very fitting that he will join us as our merger closes and eToro joins the Nasdaq as a publicly-traded company. Michael will provide us with invaluable guidance as we embark on the next chapter in eToro’s story and continue our own accelerated growth,” Yoni Assia, Co-Founder, and CEO of eToro, pointed out on the new member of the eToro’s Board of Directors.
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New eToro US CEO
Additionally, Ptasznik commented on his appointment: “I’m delighted to be joining the eToro Board. I’ve had a front-row seat to the evolution of the exchange industry, and I now look forward to advising eToro as they embark on the next stage of their journey as a publicly listed company. I’ve been fortunate to work with incredibly talented, creative and dedicated individuals over the course of the last 30 years, and I knew when I met Yoni and the eToro team that it would be a perfect fit.”
Furthermore, the company noted that eToro’s merger with Fintech Acquisition Tech V is set to take place in Q4 of 2021. As Finance Magnates reported early in the month, eToro announced the selection of Lule Demmissie, the former Executive Director at Morgan Stanley, as its new US CEO.