Plus500 Promotes Dani Magner to Chief Product & Risk Officer

Plus500 (LON:PLUS), a UK-registered Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker, has promoted Dani Magner as its new chief product and chief risk officer.

Magner was previously the vice-president of product and risk at the brokerage. He joined Plus500 in mid-2015 and attained the position of one of the top executives over the years.

He was initially an operations engineer at Plus500, designing procedures and toolkit for analysis, optimization, Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term and streamlining operations, and later promoted as the head of operations and risk. He also served the brokerage as a product manager for almost two years.

Being an Israeli, Magner served the Israeli Defense Intelligence (IDI) for four years and also received several awards for his service.

He studied Computer engineering (BSc) at Technion, the Israeli Institute of Technology, and also completed his masters in business from the same institute. Furthermore, he received a master’s degree in advanced management from Yale, School of Management.

Relying on Internal Talents Rather Than outside Hires

In June, Finance Magnates also reported on the promotion of Erez Levy as the CEO of Plus500’s Israeli subsidiary who previously headed its compliance measures team.

Magner's promotion came only a couple of weeks after the UK-registered broker announced a 281 percent year-on-year jump in its revenue for the first half of 2020. The company hit an absolute figure of $564.2 million in revenue for the period.

Meanwhile, the brokerage is actively repurchasing its own shares despite a significant surge in its publicly traded prices. Year-to-date, Plus500 share prices gained over 70 percent, trading at £14.78 apiece, as of press time.