Further to our exclusive report from early May that Jon Squires was resigning as CEO of Retail FX/CFDs broker Capital.com (as well as sister company, crypto exchange Currency.com), the company has now announced the appointment of Peter Hetherington as its new Group Chief Executive Officer (CEO). Subject to regulatory approval, Peter will assume his new role from 16 May, 2022.

Based in London, Peter Hetherington will lead the group of companies comprising Capital.com and Currency.com. The Group said it will soon add Shares.com, a dedicated share dealing platform, to its group of companies.

Peter Hetherington has over 25 years experience in the wealth and brokerage space. Most recently, he was briefly the Chief Executive at Schroders Personal Wealth, a  joint venture between Lloyds Banking Group and Schroders. Prior to that, Peter spent the bulk of his career at IG Group. He joined IG Group in 1994 and served as its Group CEO from 2015 to 2018. He also held a number of senior leadership roles including Chief Operating Officer for 15 years, and Dealing Director. He has a BA in Economics from Nottingham University and a Masters in Finance from the London Business School.

Commenting on Peter’s appointment, Viktor Prokopenya, Founder, Capital.com and Currency.com, said:

“We are delighted to welcome Peter onboard. With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success.”

Peter Hetherington, incoming Group CEO for the Group encompassing Capital.com and Currency.com, said:

“I have known Viktor since 2015 and have been closely following the Group’s development. It was always going to take something special to persuade me back into the industry and I am thrilled to join a company that is so uniquely positioned. The Group provides a fantastic client experience along with a genuinely innovative solution for trading and investing. I look forward to working closely with the Group’s talented professionals as we continue to profitably grow the business and diversify our solutions while building our presence in key markets.”

The Group, which includes the multi-regulated Capital.com trading and investing platform, has offices located in the UK, Gibraltar, Singapore, Australia, and Cyprus.

The Capital.com trading and investing platform enables clients in over 180 countries to trade contracts for difference (CFDs) across 6,000 markets and invest directly in global stocks without paying any commission. In 2021, it reported a 350% growth in its client base, making it one of Europe’s fastest growing investment trading platforms with more than 4 million registered users.

Capital.com operates several licensed subsidiaries in the UK, Australia, and Cyprus. Under Mr. Squires’ leadership the brand grew quite well, hitting $90 billion in monthly trading volumes in Q1-2022, up 36% QoQ. In 2021, Currency.com’s global exchange saw overall trading activity increase by 445% from a year earlier. Over the same period, total trades executed on the crypto exchange climbed by 409%. Both Capital.com and Currency.com are controlled by British tech entrepreneur Victor Prokopenya.