FNG Exclusive… FNG has learned that UK/Bulgaria based online broker Trading 212 has hired George Mantilas as the company’s new Chief Operating Officer. He has also been added to the board of the group’s London based, FCA regulated entity Trading 212 UK Limited.

George Mantilas had worked together with recently hired Trading 212 CEO Mukid Chowdhury at London Capital Group (LCG) for a number of years at the end of the last decade. Mr. Chowdhury came on board LCG as UK CEO and Chief Financial Officer in 2016, where Mr. Mantilas was Head of Dealing Operations and later Head of Markets.

After spending more than 11 years at LCG, George Mantilas left in 2020 alongside longtime LCG CEO Charles-Henri Sabet, moving to Sabet’s new Swiss based online neo-bank/neo-brokerage firm FlowBank, where he was Head of Data Infrastructure for the past year.

Trading 212 is controlled by Bulgarian entrepreneurs Borislav Nedialkov and Ivan Ashminov. Trading 212 group revenue came in at £29.7 million (USD $41 million) in 2019, but we understand that the figure was considerably higher in 2020 and (so far) in 2021.