London-based Trading 212 UK Limited has appointed Andrew Rydon as a new Non-Executive Director. He assumed the role on 28 July 2022, according to a Companies House filing.
Trading 212 UK is the FCA-regulated British subsidiary of the larger retail brokerage group, which is trading as Trading 212. In addition, it is regulated in Cyprus and Bulgaria, the home country of its co-founders. Now, it is seeking a German license to strengthen its European position.
Rydon is a seasoned financial industry executive with solid expertise in the technology side. He joined Trading 212 after spending almost five years at Investec Wealth & Investment UK. There, he was the Chief Technology Officer for the first three years and then became the Chief Operating Officer.
He started his career in 1995 in IT roles, according to his Linkedin profile. His most notable experience was with Henderson Global Investors, where he spent almost 15 years in key roles, including Chief Information Officer, Chief Technology Officer and Global Head of IT.
A Rapidly Growing Broker
Earlier this year Trading 212 added Raj Somal, a senior executive and legal counsel with more than thirteen years of experience, as a Non-Executive Director.
Trading 212 offers trading services primarily to retail clients. The broker made its name providing contracts for differences (CFDs) trading, but now it is more focused on stock trading. The group generated £124.1 million in revenue in 2020, which is a jump of 318 percent in a year, while the UK subsidiary brought in more than £94 million in 2021, which is a yearly increase of 74 percent.
Meanwhile, Trading 212 UK received £13.75 million in cash injection last year taking its total share capital to £24.56 million.
