FTMO, a popular brand in the prop trading industry, has strengthened its top executive roles by onboarding Radek Dyntar as the Chief Financial Officer, Finance Magnates has learned exclusively. It has also hired Eva Svobodová as the Chief Legal Officer.
A Boost to the Growth
The appointments came as the Czech prop trading firm has been preparing to launch brokerage services. Recently, it also named Michael Kamerman as the Chief Executive of its brokerage division.
“Eva and Radek bring invaluable experience to FTMO at this stage of growth,” said Otakar Šuffner, co-founder and CEO of FTMO. “We take our ambition to expand FTMO as a group seriously, and we know that we will not achieve this goal without having true experts in our team.”
According to FTMO, the number of registrations on its platforms jumped by 30 percent year-over-year in the first three months of 2024. At the beginning of this year, it also acquired marketing agency eVisions following the acquisition of fintech company Quantlane last year.
Legal Experts at FTMO
Dyntar has joined the company from Dentons Europe, a law firm where he spent about the last nine years. Most recently, he was the Senior Finance Transformation Advisor at the law firm but held the position of Chief Finance Officer between January 2020 and December 2023.
He started his career in 1997 as a Tax Consultant and later worked at Ernst & Young for about nine years. He was also a Finance Director and Board Member at Prague-based KKCG for about four years.
Svobodová is a renowned legal mind in Europe, bringing more than two decades of legal expertise to the role at FTMO. She spent the last 19 years of her career at White & Case, a New York-headquartered law firm, where she was most recently a Partner at the Prague office.
“In nearly ten years on the market, FTMO has grown from a garage startup into a global company that deals with complex legal and financial issues worldwide, in various countries with different laws,” Šuffner continued. “In all these and other areas, Radek and Eva are tremendous assets.”
Interestingly, the appointments came as the regulators are also exploring possible regulations for the prop trading industry. Although FTMO’s General Counsel, Matus Tutko, earlier told Finance Magnates that he does not think regulations are “necessary [as] the current regulatory environment is robust enough,” the Czech National Bank believes that some prop trading models can come under the MiFID regulatory framework.
