Israel based, social trading focused online broker eToro has announced that the company has hired Yaki Razmovich as Managing Director of eToro Singapore and Asia. He will be based in Singapore for his new role at eToro.

Yaki brings with him more than two decades of experience in the financial services sector, having held senior roles in global institutions such as Standard Chartered and ABN AMRO Bank. With over 15 years of working and living in Singapore and Hong Kong, Yaki is deeply familiar with the region’s commercial and regulatory landscape. In his role, Yaki will be responsible for building eToro’s franchise in Singapore and further expanding its global footprint in Asia.

At ABN AMRO (2016-2023), Yaki held the position of Asia Head of Strategy and subsequently, Asia-Pacific Head of Process & Control. During his tenure, he led the bank’s expansion into Australia and was responsible for the rollout of new products and services across the region. Yaki was a member of the executive team of the bank in Asia-Pacific, in charge of risk oversight, control and regulations.

Earlier in his career at Standard Chartered, Yaki was the South East Asia Head of Strategy and Business Development for SME banking and the Head of Segment Management & Client Proposition for Commercial Banking ASEAN. Most recently, Yaki served as the Head of Asia-Pacific at Essence Group, where he led the tech group’s expansion into Southeast and North Asia.

Etay Cohen, Chief Customer Officer at eToro said,

“Yaki’s appointment demonstrates our goal to strengthen our footprint in Asia. His proven track record in leading regional expansion, coupled with his deep understanding of regulatory frameworks and client needs across Asian markets, makes him well-positioned to drive our growth in Asia. We’re thrilled to have him on board.”

Yaki Razmovich, Managing Director of eToro Singapore and Asia said,

“I’m honoured and excited to join eToro and lead its growth in Singapore and Asia. We have received an In-Principle Approval for a Capital Markets Services license from MAS and are working towards activating it in the foreseeable future. Singapore is a key wealth management and financial hub in Asia and is the natural choice for eToro to expand its services to the Asia Pacific region.”