FNG Exclusive… FNG has learned that Tickmill CFO Mukid Chowdhury has left the company, joining rival FCA regulated broker Trading 212 as CEO.

Mr. Chowdhury replaces longtime Trading 212 CEO Nick Saunders, who left earlier this year to join StoneX’s Gain Capital retail trading unit and run its new cash equities business, as was also exclusively reported by FNG. We had reported that Mr. Saunders decided mutually with Trading 212 management that he probably wasn’t the right person to lead the company during a hyper-growth phase, and it seems like Trading 212 has now found its man in Mukid Chowdhury. While at Tickmill, he was part of a team that helped deliver some fairly impressive growth results.

Mukid Chowdhury had joined Tickmill in 2019 from London Capital Group (LCG), where he was UK CEO and CFO for four years. He had also worked at Gain Capital and City Index, in an online trading career dating back to 2006.

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.