Former IG Head Peter Hetherington Becomes Capital.com and Currency.com CEO

The group of trading companies owned by Viktor Prokopenya has named Peter Hetherington as the new Group Chief Executive Officer of Capital.com and Currency.com. The new appointment was made as Jon Squires resigned from the apex post earlier this month.

Hetherington is expected to assume the role from 16 May, but it is subjected to regulatory approval.

Finance Magnates reported earlier that Squires would part from the group company on 31 May. Though the Board initially named the Belarusian billionaire entrepreneur Prokopenya, who owns and controls the platforms, as the Interim Head, they have already found a permanent replacement.

Now, Hetherington's priority will be to oversee the group’s expansion into new markets. Though the group now contains only Capital.com and Currency.com, it will soon include Shares.com, a dedicated share dealing platform.

“With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success,” Prokopenya said.

An Industry Veteran

Hetherington is an experienced trading platform executive. He spent almost 25 years with IG Group and even headed the brokerage giant as its CEO for more than 3 years.

He served as the CEO of Schroders Personal Wealth, a joint venture between Lloyds Banking Group and Schroders, for a brief period of nine months, which was his most recent industry experience.

“It was always going to take something special to persuade me back into the industry, and I am thrilled to join a company that is so uniquely positioned,” Hetherington said.

“The Group provides a fantastic client experience along with a genuinely innovative solution for trading and investing. I look forward to working closely with the Group's talented professionals as we continue to profitably grow the business and diversify our solutions while building our presence in key markets.”