FNG Exclusive… FNG has learned that eToro (UK) Limited, the FCA regulated arm of global Retail FX and CFDs broker eToro, has added Lord Stanley Fink to its board as an outside director.

Lord Stanley Fink was the longtime CEO of London based asset management firm Man Group until 2007, and has since sat on a number of corporate boards. He was added as a life peer to the House of Lords in 2011.

Lord Fink was actually named a “Board Advisor” to eToro in 2018, when the company sought to increase its footprint among institutional clients. We believe that his formal addition to the eToro UK board is another step for the company on its way to a planned IPO later this year.

eToro’s IPO plans might have been somewhat derailed when the company suffered a near complete shutdown of its platform for the better part of 24 hours in late February, leading to a large contingent of very unhappy clients. In late December eToro shares changed hands in the private secondary market at a valuation of about $2.5 billion.