FNG has learned that London/Sofia based online broker Trading 212 has made two additions to its Board, onboarding former Commerzbank executive David Burns, and former Weil Gotshal partner Peter King as Non Executive Directors.

David Burns (pictured above) worked at German bank Commerzbank AG for 25 years in its London office, before leaving at the end of 2022. For most of his tenure at Commerzbank he was Managing Director – Head of Commodities, and also served as Head of Markets, Financial Sponsors and Services, responsible for the bank’s relationships with Financial Sponsors, Hedge Funds and other Market Participants as well as Exchanges, Clearing Houses, FinTech and other Market Infrastructure providers. David also serves as an advisor to trade surveillance company TradingHub.

Peter King is a career corporate lawyer, who was a Partner at Weil, Gotshal & Manges at the New York based firm’s London office from 2008-2017. From 2017 until earlier this year Peter served as Treasury Legal Advisers Director at Her Majesty’s Treasury, heading a team responsible for providing all relevant legal advice to ministers and officials within HM Treasury (the UK’s finance and economic ministry).

Trading 212 is controlled by Bulgarian entrepreneurs Borislav Nedialkov and Ivan Ashminov, and operates licensed subsidiaries in the UK, Australia, Germany, Bulgaria, and Cyprus. The company is run day-to-day by London based CEO Mukid Chowdhury.

David Burns posted the following note on social media about his new role with Trading 212.

I am excited to announce that I have been appointed as a Non Executive Director by Trading212 UK, where I will also serve as Chair of the Risk Committee.

Trading 212 is a fintech company, broker and asset manager that democratises the financial markets with free, smart and easy to use apps, enabling anyone to trade Stocks, ETFs, Forex, Commodities, and more.

I very much look forward to contributing to a group with £25 billion in client assets, 5 million lifetime funded accounts, and an app which has been downloaded more than 15,000,000 times globally, being the UK’s #1 trading app since 2016.