Finalto names Klelia Orphanidou head of UK compliance

Finalto has appointed Klelia Orphanidou as its newest B2B head of UK regulatory compliance as part of a broader organizational reshuffling at the company’s FCA regulated areas of the business.

‎ Klelia ‎will lead Finalto’s compliance team in the City, where she will be tasked with ‎ensuring ‎adherence to the relevant rules, regulations, and guidelines by which the ‎firm is bound. Given the increasingly global nature of the business and a ‎‎regulatory landscape that is constantly evolving, this is a greater challenge ‎‎now than ever before.‎

Orphanidou has been with the Finalto Group for nearly a decade, having previously held the positions of MLRO and Compliance Officer for the Group’s CySEC regulated entities. Now she relocates to London to take on her new position with lots of change on the horizon for financial firms, including the introduction of the UK Consumer Duty Act.

Orphanidou act will as the primary contact for the FCA and other relevant authorities. She will also oversee the firm’s transaction and trade monitoring program, and any resulting investigations of suspicious transactions/orders including the submission of reports to regulatory bodies.

She began her career in law, before deciding to switch litigation to the financial services industry.

“2023 will be an intense year for all firms in our line of business,” she said. “Luckily, I have a fantastic growing team and we have established our compliance culture across the organisation. Finalto has the infrastructure, technology, people and capacity to evolve as regulation evolves and come up with new products to best suit its clients while adhering to regulatory requirements.”

“Finalto is one of the leading financial services firms in our sector and being part of it is a great achievement. We have several projects in the pipeline, focusing on automation and efficiency of our monitoring,” she adds.

Matthew Maloney, Group CEO of Finalto, said: “We are delighted to welcome Klelia Orphanidou to her new role as B2B Head of Regulatory Compliance. She has long been a valuable member of our team and we’re excited to see what she brings to this position.”

The past few month has seen Finalto consistently focus on upgrading its offering, culminating in the winning of Best B2B Liquidity Provider (Prime of Prime) at FMLS22 Awards, just five months after bagging the same award at the Ultimate Fintech Awards in June.

 Finalto boasts a wide range of services and solutions to create the perfect technology proposition for a brokerage business. That includes a complete end-to-end solution consisting of front-end platforms, back-office administration, risk management tools, pricing tools and enhanced connectivity.