X-Trade Brokers (WSE:XTB), a foreign exchange (FX) brokerage and recently listed addition on the Warsaw Stock Exchange, has added a new member to its Board of Directors, appointing Jakub Leonkiewicz to the group’s leadership team, according to a regulatory filing.
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Earlier this year XTB saw its longtime executive and Chief Executive Officer Jakub Maly relinquish his role as the Chairman of its Board of Directors. The decision to supplant Mr. Maly came on the heels of the lackluster aftermath of XTB’s IPO as well as shifting trends in the Polish regulatory regime, with regard to FX. Since debuting in May 2016, XTB’s share prices and financial results have also been lower, possibly paving the way for a changing of the guard.
Mr. Leonkiewicz is the group’s latest addition to its board, having garnered a lengthy career in business development and in the financial services space. He began in 20001 at Interhyp.de, having also worked at Roland Berger Strategy Consultants. The majority of his career has been relegated to JPMorgan for over thirteen years in which he held multiple roles.
This includes stints as an analyst in the merger and acquisition team in London and since 2012 as the Director of the JPMorgan in Warsaw. He also headed JPMorgan in Poland and the Baltic states. More recently however, since 2015 he was the Chairman of the Supervisory Board of XTB up until January 2017.