FxPro Hires Evelina Laurinaityte as Vinson Financials Disposes CySEC License

FxPro, an online multi-asset broker with regulated operations across Europe in the UK and Cyprus, has hired Evelina Laurinaityte as Institutional Operations Officer of FxPro Group, according to information updated in a LinkedIn profile, Finance Magnates has learned.

To take on the new role, Mrs. Laurinaityte departed Vinson Financials Ltd where she held the role of Business Development Manager since December of last year.

The role at Vinson lasted only six months as the company had just renounced its regulatory license with the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) according to a public circular earlier this week which cited an effective date of May 23rd 2016.

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Key career move

Mrs. Laurinaityte sought to be involved with regulated activities, demonstrated by the fact of her taking a regulatory exam with CySEC via license number CN3569, obtained in March - this may have helped motivate her departure as her former employer is currently unregulated.

Shortly after publication, Finance Magnates learned that the firm has let go of many of its staff in Cyprus as it plans to seek regulatory status elsewhere.

Before joining Vinson, she worked at HotForex as an affiliate manager for nearly four years, from October 2011 through June 2015, according to a LinkedIn profile description attributed to her.

Prior to joining HotForex in Cyprus, Mrs. Laurinaityte worked for CanAffco in Canada, between 2007 and 2008. In addition to speaking English, she is a native Lithuanian speaker. Mrs. Laurinaityte also instructs an online course for iOS developers.