Kypros Zoumidou replaces Peter Hetherington as CEO of Capital.com

London primarily based Retail FX and CFDs dealer Capital.com has introduced the deliberate succession of the Group CEO as a part of its ongoing development plans.

The Board of Administrators of Capital.com has appointed the Group’s present Chief Business Officer, Kypros Zoumidou, as the brand new Group CEO efficient instantly. The outgoing CEO, Peter Hetherington, will keep on as an advisor till 2026 to make sure a easy transition and to offer strategic steering to the corporate.

Earlier than becoming a member of Capital.com early final 12 months, Kypros Zoumidou had spent the earlier 12 years at main UK on-line dealer IG Group – the place Peter Hetherington had been COO (2002-2015) after which CEO (2015-2018) earlier than taking the reins at Capital.com. Kypros’ final roles at IG had been as Business Director Worldwide, and CEO of BrightPool, IG’s monetary market making enterprise offering liquidity to exchanges.

Peter Hetherington grew to become CEO of Capital.com in Might 2022. Below his route, Capital.com has already loved a reasonably first rate development spurt, as he remade your complete administration group – with many if not many of the senior hires being ex IG Group individuals.

The corporate mentioned that this management transition marks the profitable completion of Capital.com’s first part of enlargement and the implementation of its long-term succession technique. Kypros spent the previous 18 months working intently with Peter, making ready to information the corporate into its subsequent stage of development. In his new position as Group CEO, Kypros will steer the corporate in the direction of enlargement into rising markets whereas prioritising revolutionary product improvement and a sturdy expertise infrastructure.

Viktor Prokopenya, Founder, Capital.com, mentioned:

“On behalf of your complete Board, I want to thank Peter, whose transformational management has been the driving drive behind Capital.com. Guided by his imaginative and prescient and the execution of his strategic roadmap, he has quickly led Capital.com to its subsequent stage of development and laid a strong basis for his successor to construct on.”

Kypros Zoumidou, incoming Group CEO, Capital.com, mentioned:

“I’m more than happy to step as much as  the position of Group CEO of Capital.com. Having labored alongside Peter for over a decade, most lately at Capital.com, we had been in a position to align our targets and mission rapidly. I intention to construct on Peter’s success and produce additional development to the strong base we’ve got constructed. I look ahead to working intently with our proficient international group who will assist me drive our enterprise ahead.”

Peter Hetherington, outgoing Group CEO, Capital.com, mentioned:

“Having efficiently applied strong processes, procedures and improved the Group’s operational efficiency, Capital.com is properly positioned for future development. I’ve full confidence in Kyp’s skill to steer the group and drive future development.”

About Capital.com

Capital.com operates a number of licensed subsidiaries concerned in on-line brokerage within the UK, Australia, and Cyprus. The corporate, and its sister model Foreign money.com are managed by Victor Prokopenya, a Belarusian lawyer and laptop scientist residing in London.