The broker is now following a regional leadership model rather than replacing Zoumidou with one individual.
It has promoted Christoforos Soutzis as the CEO of the Cyprus entity.
Kypros Zoumidou
Capital.com announced today (Wednesday) the stepping down of Kypros Zoumidou from the role of Global Group CEO after holding the position for about a year. However, the broker is not replacing Zoumidou with another individual but has decided to follow a regional leadership model and has promoted Christoforos Soutzis as the CEO of the Cyprus entity.
Other regional heads of the broker include Rupert Osborne, CEO of the UK unit; Tarik Chebib, who leads the Dubai-based MENA subsidiary; and Campbell MacPherson, CEO of the Australian entity.
Capital.com also clarified that Zoumidou will remain a part of the business and assist with strategic projects. Additionally, he will support the new management in settling into their roles, ensuring continued success in future initiatives.
Following a Regional Leadership Strategy
Similar to the other regional leaders, Soutzis’ appointment also came through an internal promotion. Before becoming the CEO of Capital.com Europe, he was the Head of Operations and Executive Director.
Christoforos Soutzis, CEO of Capital.com's Cyprus entity
He has spent nearly eight years with Capital.com, first joining the broker’s Cyprus office in late 2016 as the Head of Risk Management. He was later promoted to Group Chief Risk Officer. Before Capital.com, he worked for about three years at IronFX in multiple roles.
In his new role, he will be responsible for the strategic direction of the broker's European business and will oversee day-to-day operations.
Meanwhile, client trading volume on Capital.com surged to over $450 billion in Q3 2024, a 20 per cent increase over the previous quarter. In Q1, trading volume on the platform reached $337 billion, bringing the nine-month total to over $1.2 trillion, surpassing last year’s full total.
Furthermore, the broker recently revealed to Finance Magnates that “revenue growth is in the triple-digit million range and registered accounts are in the millions” for the first half of 2024. It now plans to double its engineering team.
Capital.com announced today (Wednesday) the stepping down of Kypros Zoumidou from the role of Global Group CEO after holding the position for about a year. However, the broker is not replacing Zoumidou with another individual but has decided to follow a regional leadership model and has promoted Christoforos Soutzis as the CEO of the Cyprus entity.
Other regional heads of the broker include Rupert Osborne, CEO of the UK unit; Tarik Chebib, who leads the Dubai-based MENA subsidiary; and Campbell MacPherson, CEO of the Australian entity.
Capital.com also clarified that Zoumidou will remain a part of the business and assist with strategic projects. Additionally, he will support the new management in settling into their roles, ensuring continued success in future initiatives.
Following a Regional Leadership Strategy
Similar to the other regional leaders, Soutzis’ appointment also came through an internal promotion. Before becoming the CEO of Capital.com Europe, he was the Head of Operations and Executive Director.
Christoforos Soutzis, CEO of Capital.com's Cyprus entity
He has spent nearly eight years with Capital.com, first joining the broker’s Cyprus office in late 2016 as the Head of Risk Management. He was later promoted to Group Chief Risk Officer. Before Capital.com, he worked for about three years at IronFX in multiple roles.
In his new role, he will be responsible for the strategic direction of the broker's European business and will oversee day-to-day operations.
Meanwhile, client trading volume on Capital.com surged to over $450 billion in Q3 2024, a 20 per cent increase over the previous quarter. In Q1, trading volume on the platform reached $337 billion, bringing the nine-month total to over $1.2 trillion, surpassing last year’s full total.
Furthermore, the broker recently revealed to Finance Magnates that “revenue growth is in the triple-digit million range and registered accounts are in the millions” for the first half of 2024. It now plans to double its engineering team.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Saxo Bank Splits Adam Reynolds’ Role after His Exit: Names Two Successors
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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