“As Capital.com diversifies into direct stock investments in the UK, we will be looking to attract different client segments to reflect our wider product range.”
Capital.com has appointed Kypros Zoumidou as its new Managing Director of its UK business in a time when the broker celebrates exploding trading volumes of 303% in 2021.
Kypros Zoumidou joins Capital.com from IG Group, where he was a member of the Enterprise Leadership Team and on the Board of Directors for three of IG’s subsidiary companies.
He spent nearly 12 years at IG where he played five different roles, including Head of Compliance (UK and Europe), Senior Executive Officer in Dubai (having expanded into the Middle East with a DFSA license), Global Head of Client Acquisition, Chief Executive Officer of IG’s market maker BrightPool, and Commercial Director, International with a focus on the Emerging Markets business.
During the last two years of his tenure at IG, he was responsible for PnL for over 150 countries across Greater China, South Asia, Middle East, Africa, South and Central America.
Prior to IG Group, he held a number of senior leadership roles including Head of Compliance at E*Trade where he was responsible for the retail and institutional businesses in the UK and Europe. In 2008, he joined inter-dealer broker Mint Securities before moving to IG in 2010 as Head of Compliance.
Jonathan Squires, Group Chief Executive Officer at Capital.com, commented: “Kypros will be instrumental to Capital.com’s ambitions in the UK. His strong background in compliance coupled with a proven track-record managing teams and subsidiaries in mature markets like the UK will help take our business to the next level. As Capital.com diversifies into direct stock investments in the UK, we will be looking to attract different client segments to reflect our wider product range. We are delighted to have Kypros lead our efforts to grow and expand in this important market.”
Kypros Zoumidou, Managing Director UK at Capital.com, said: “Capital.com is in a significant period of growth. I was attracted to the group’s commitment to its clients and its ambitions to diversify across products and clients in close step with regulatory standards and best practices. I am excited to be part of the team and to help Capital.com grow its footprint in the UK.”
Kypros Zoumidou’s 20 years of experience in the retail and institutional brokerage space will prove useful as the leveraged trading platform continues to expand in the United Kingdom despite the already significant metrics achieved in 2021.
Registered users on the trading platform have spiked to 4.23 million, up by 350% from the previous year. Total client trading volumes grew by 303% to reach USD 565 billion, with the number of trades executed increasing by 388% in 2021.