Fintech and trading platform Capital.com on Friday announced that it has introduced a regional leadership model to bolster growth and innovation in its regulated markets.
According to the announcement, ss part of this strategy, Christoforos Soutzis has been appointed CEO of its European subsidiary, Capital Com SV Investments Limited (Capital.com Europe).
Capital.com has seen impressive growth in recent years, with transaction volumes surpassing $1 trillion in 2023.
In the first quarter of 2024, Capital.com’s board of directors approved plans to transition to a regionally focused leadership structure.
Under this model, each jurisdiction will be led by a standalone CEO, ensuring tailored strategies for growth and compliance across its subsidiaries.
This move aligns with Capital.com’s sustainable growth strategy, focusing on strong risk management and innovative services tailored to local market needs.
Christoforos Soutzis, previously Chief Operating Officer and Executive Director, brings eight years of experience to the company, including his role as Head of Group Operations.
Based in Limassol, Cyprus, he will oversee the strategic direction and daily operations of Capital.com Europe, ensuring compliance with legal, regulatory, and operational standards.
“I am honoured to take on this new role at Capital.com,” Soutzis said.
He added that “I have been with the company almost since its inception and have seen its development constantly on the rise. I am excited to help guide the company through its new phase as we continue to deliver the best trading experience to our customers.”
The leadership shift comes as Kyprianos Zoumidou, the outgoing Global CEO, steps down after nearly three years of service.
Zoumidou, who has overseen operations in the UK, Cyprus, and globally, will remain with the company to support strategic projects and assist the new management team during the transition.
“I am proud of the role I have played in making Capital.com one of the world’s leading trading platforms,” Zoumidou said.
“I am grateful for the opportunity to be part of the company’s incredible growth and have complete confidence in the new leadership team and structure,” he added.
The company’s strong financial performance underlines the timing of this leadership change.
In the first half of 2024, Capital.com reported a 35 per cent increase in net revenue, a 63 per cent rise in new user accounts compared to the second half of 2023, and transaction volumes reaching $725 billion.
The company’s workforce grew by 17 per cent to 728 employees during the same period.
Soutzis will join a regional leadership team that includes Rupert Osborne (Capital.com UK), Tarik Chebib (Capital.com MENA), and Campbell MacPherson (Capital.com Australia).
These appointments position Capital.com to accelerate its expansion across key global markets while continuing to deliver a technologically advanced trading platform tailored to local needs and regulatory requirements.
