Fintech and eCommerce expert Daniel King has announced that he has stepped down from the Board of Directors of CFDs broker Plus500 (LON:PLUS). He had served on the board of the company since 2013, prior to Plus500 becoming a publicly traded company.

Daniel King explained in a note posted on his social media page:

After 9 years with Plus500 I will be stepping down as a Non-Executive Director as local law only allows me to serve 9 years.

I joined in 2013 just prior to our IPO on the AIM market where we listed with a market cap of $200m. Fast forward to 2022 and today we are a FTSE 250 company with a market cap of $2B.

I am truly grateful to have been given the opportunity to join the company back in 2013, and am honoured and privileged to have worked with the most amazing exec team, board and advisors – past and present, and the company and people will always be a big part of my life.

I wish the company much continued success and will now be cheering them on from the sidelines. It’s a goodbye but not a farewell.

Based in London, Daniel King was a Non-Executive Director at Plus500 and Chair of the Remuneration and ESG Committees. He has spent the last two decades in executive and senior management roles within technology corporates as well as start-ups as an operator, advisor and investor with a focus on Fintech, eCommerce technology, Big Data, BI, Analytics, SaaS platforms, and Marketplaces for both B2B and B2C. He has extensive knowledge in investing, fundraising, and scaling high-growth companies including international expansion.

Daniel King is currently a Venture Partner with Seedcamp, one of Europe’s largest Venture Capital firms for early stage funding. He is also Chair of StitcherAds, a platform for social commerce. Previously, he was President & COO for Profitero, a SaaS provider of online insights and e-commerce intelligence for retailers and brands and prior to that was a specialist consultant to the UK Government working for the Department of Investment and Trade (DIT) as Head of High Growth & Emerging Markets.

Daniel was previously Managing Partner of Blue Leaf Capital, a private boutique venture capital and advisory services company based in London and has held managing director roles with Compete Inc, MySupermarket.co.uk, and Experian Hitwise, overseeing its EMEA operations and was a key member of staff that led to the eventual acquisition of Hitwise by Experian in June 2007. He holds a Bachelor’s Degree (hons) in Finance and Accounting from Manchester University.