FNG Exclusive… FNG has learned that leading global CFDs broker Plus500 has established a new entity in Estonia, and has hired two local senior executives to head the operation.

The company set up Plus500EE AS to operate as an investment firm, and it received a regulatory licensed from Estonia’s financial regulator, Finantsinspektsioon, earlier this month.

Heading the operation are two experienced Estonia based executives, Sigrid Aljas and Kerli Lõhmus. Sigrid Aljas worked at Admiral Markets AS, which operates the Admirals retail forex business, from 2019-2021, most recently as the company’s Head of Compliance. She has also worked at Veriff, Swedbank Estonia, and from 2014-2016 at Finantsinspektsioon in the Business Conduct Supervision Division.

Kerli Lõhmus was CFO at Estonian bank Coop Pank AS for the past five years. She was also CFO at LHV Group, the largest domestic financial group and capital provider in Estonia, from 2002-2015.

Plus500 Ltd (LON:PLUS) is headquartered in Haifa, Israel, and also has offices in Tel Aviv, London, Sydney, Limassol, Singapore and Sofia.