Warsaw-based brokerage firm XTB S.A. announced on January 2, 2025, that Jan Byrski has resigned from his position as Chairman of the Supervisory Board. The resignation, attributed to personal reasons, will take effect on January 15, 2025, according to the company.

Professional Summary of Byrski

Byrski has been a key figure in overseeing XTB's governance, contributing to its growth in the competitive online trading market. The company has not disclosed plans for his succession but is expected to address the vacancy promptly to ensure operational continuity.

Byrski has held various positions in academia, law, and regulatory sectors. At Krakow University of Economics, he has been an Associate Professor since October 2019, following an earlier role as Assistant Professor in the Civil and Business Law Department from 2011 to 2019, with a total tenure of 14 years.

In the legal field, Byrski has been a Partner and Attorney-at-Law at Traple Konarski Podrecki & Partners since 2011, after serving as an Associate Attorney from 2004 to 2011.

Byrski is also a member of the Personal Data and Blockchain Working Groups at the Ministry of Digital Affairs since June 2018 and participates in the FinTech Working Group at the Polish Financial Supervision Authority.

Regulatory Approvals in Indonesia and UAE

Meanwhile, XTB has expanded its international presence with two new regulatory approvals. It received a PALN license in Indonesia for its subsidiary, XTB Indonesia Berjangka, enabling the offering of stocks and ETF investment services starting in the first half of 2025, as reported by Finance Magnates.

Additionally, XTB secured a Category 5 license from the UAE Securities and Commodities Authority, allowing the company to expand operations beyond Dubai. XTB's Middle East operations showed a 44.7% revenue increase in Q3 2024, and further product innovations are expected in 2025.