Retail FX broker eToro has appointed Lord Stanley Fink o take the role of Special Adviser in the company’s global business. Stanley’s appointment is coming at a time when eToro is preparing for a $5 billion public listing in the U.S.
eToro confirmed that Lord Fink will the firm as institutional investments from crypto assets grow around the world. He will also work partly with eToro’s management, which includes UK Managing Director Igba Gandham as well as the company’s chief executive officer Yoni Assia.
eToro sees massive growth in three years
Amy Butler, eToro’s Communications Head, commented on Stanley’s appointment by stating that eToro is excited about the development.
“We are very pleased to confirm that Lord Fink has joined eToro UK’s Board as a Non-Executive Director,” Butler stated.
He added that Stanley had been on the company’s advisory board since 2018, advising eToro on crypto-based investments. He added that the UK-based business is growing rapidly and the company is proud to have an industry veteran in its team.
The U.K. business has also grown massively as it witnessed a 47% increase in annual revenue in 2019, reaching $3.1 million. The firm believes his appointment will help the U.K. business expand both in service offering and operational efficiency.
A veteran in the crypto industry
Lord Stanley previously held the post of chief executive officer of hedge fund Man Group between 2000 and 2007. He is known to have brought Man Group to the enviable position in the industry as an FTS 1000 company. He is also known as the “godfather” of the hedge fund industry in the UK.
He also serves as the chief executive officer of Standard Asset Management (ISAM), an asset management company.
Stanley is still the Chairman of ISAM, which also controls FX prime broker IS Prime. Three years later, he became a life peer as he was given the title of Baron Fink Northwood in the County of Middlesex.
He has also championed several other causes, including being a treasurer in the UK’s Conservative Party.
Based on a recent Companies House filing by the company’s U.K-based branch, Stanley assumed the position on March 1, 2021, and will work from its London brokerage office.
After he joined eToro in mid-2018, Stanley advised the company on crypto assets. Shortly, eToro started exploring cryptocurrencies. It later gained the license for its crypto section in Gilbraltar only months after he joined the firm.