Israel based online trading service provide eToro recently revealed in an announcement that the firm has created a new senior-level leadership role and hired a new executive.
As per the statement released by the firm, it has hired Mr. Gil Shapira to serve as its first-ever Chief Information Officer and his appointment at the firm is effective immediately. Mr. Shapira is a veteran with nearly 17 years of experience serving in banks and leading financial service providers.
In his role as CIO of eToro, Gil is responsible for overseeing the firm’s analysts from all of its offices across the globe and he is also in-charge of growth the firm’s assets under administration across stocks and copies i.e., the firm’s growing range of copy portfolios. Prior to taking up his current role at eToro which began earlier this month, Gil spent nearly 13 years serving in another Israeli investment service provider Psagot Investment House.
Gil began his term at Psagot Investment House as consultant and strategic customer relations manager back in October of 2006 and was responsible for managing the firm’s relationship with nearly 150 major clients made up of banks, premium center consultants and a couple of corporate clients. During his 13-year long term with the firm, he was promoted thrice and climbed all the way up the corporate ladder to become head of the several of the firm’s leading business divisions.
At the time of his resignation from the firm, he served as Chief Executive Officer of the firm’s index fund team made up on 73 executives and was responsible for several major acquisitions and reforms the team was involved in and oversaw their index products made up of nearly 160 ETF’s valued at nearly US$ 7 Billion. Gil began his career in the financial service industry while still pursuing his MBA degree in Finance from Bar-Ilan University serving as a member of Leumi Bank’s management training program.
Post graduating with an MBA degree he joined Rakia Capital Market where he served as marketing team manager for nearly two years before joining Psagot Investment House. Commenting on his new role at eToro, Gil said, “I have watched with interest and admiration the growth of eToro over the past 12 years. I am incredibly excited to be joining eToro and to be part of its future expansion”.
Speaking on the same note, Yoni Assia, CEO & Co-Founder of eToro said, “We are pleased to welcome Gil to eToro. He will play a key role as we work to enhance our internal investment management capabilities. eToro’s mission is to open the global markets so that everyone can trade and invest in a simple and transparent way.
Today, eToro has 12 million registered users from over 100 countries. Gil will help us grow that number and help more people engage with capital markets whether by trading stocks with zero commission or by investing in one of our thematic portfolios such as cannabis or 5G”.