Fintech Alpaca poaches Pepperstone Cyprus head Victor Zachariades

Victor Zachariades, who joined Pepperstone in 2019 to head up its Cyprus operations, has left the FX firm to join Alpaca, a stock brokerage that allows developers to build apps, services, and trading platforms.

With his experience in the foreign exchange industry, Zachariades’s direct responsibility is to drive the growth and expansion of Alpaca’s ecosystem to help bring real-world applications into fintech.

Alpaca offers equities trading software dubbed ‘Broker API,’ a tool that enables entrepreneurs to plug into its technology to quickly build and scale their own commission-free brokerage.

The Alpaca Broker API allows developers and small hedge funds to come and build brokerages like Robinhood, as the software addresses account opening, funding, banking, and other critical funcations.

Zachariades has approximately 15 years of experience in FX products and partnership-driven business.

He most recently served as Head of Pepperstone’s Cyprus unit, a position he held for nearly three years. During his tenure, he led Pepperstone effort until the broker has officially been granted a Cypriot licence back in 2020.

The move to expand its regulatory profile and geographic reach came as Pepperstone and other brokerage platforms were establishing new European bases ahead of the UK’s departure from the bloc.

Beyond strengthening its position in its homeland, Pepperstone has been actively growing abroad. The Australia-headquartered company has secured financial services licenses in Dubai and Cyprus and has also made its entry into the Kenyan forex trading market, which coincided with Pepperstone’s 10th year of operations.

Prior to Pepperstone, Victor was executive director at Forex Club, where he managed the day-to-day activities associated with the Cyprus operation. He also served as a senior dealer at FxPro Financial Services from 2020 to 2013.

Earlier in his career, Zachariades worked as a risk management analyst at Hellenic Bank, Cyprus’ second largest lender.