eToro Group Ltd, a multi-asset investment platform that aims to empower individuals to grow their knowledge and wealth, reveals that it has appointed Michael Ptasznik to its Board of Directors.
As mentioned in a release, Michael will be joining the eToro Board at “the closing of eToro’s merger with Fintech Acquisition Tech V (Nasdaq: FTCV) which is anticipated in Q4 2021.” He will also become “a member of the eToro Board’s Audit and Risk Committee.”
Yoni Assia, Co-founder and CEO of eToro stated:
“We are thrilled to welcome Michael to the eToro Board. He brings with him a wealth of experience including in-depth knowledge of finance, regulation, corporate strategy, and risk management. Michael was part of the team that achieved accelerated growth for Nasdaq as a global technology leader, so it feels very fitting that he will join us as our merger closes and eToro joins the Nasdaq as a publicly traded company. Michael will provide us with invaluable guidance as we embark on the next chapter in eToro’s story and continue our own accelerated growth.”
As a Board Member, Michael will be sharing key insights and expertise from his “decades of experience.”
Recently, Michael had retired as CFO EVP of Nasdaq Inc. where he had been leading corporate strategy, M&A, finance, investor relations, risk management, corporate real estate and ESG. Before his role at Nasdaq, Michael worked as CFO for TMX Group Limited, where he offered financial leadership, including the firm’s successful IPO and various M&A deals.
Previously, Michael also worked in various financial roles at Procter & Gamble Canada Inc. He graduated with an honors BBA from Wilfrid Laurier University. He is a Chartered Professional Accountant (CPA, CMA) and earned his Chartered Director designation from McMasters University.
Michael has reportedly served on several boards, which includes the Canadian Depository for Securities Limited, Candeal, the Accounting Standards Oversight Council of Canada and the Board of Directors of the Children’s Aid Society of York Region.
Michael Ptasznik remarked:
“I’m delighted to be joining the eToro Board. I’ve had a front row seat to the evolution of the exchange industry and I now look forward to advising eToro as they embark on the next stage of their journey as a publicly listed company. I’ve been fortunate to work with incredibly talented, creative and dedicated individuals over the course of the last 30 years and I knew when I met Yoni and the eToro team that it would be a perfect fit. eToro has a hugely innovative and differentiated offering and I’m excited to be part of their expansion in the United States and beyond.”
eToro was launched back in 2007 with the mission of opening international markets so that everyone is able to easily trade and invest in a transparent manner. It has created an investment platform that is “built around social collaboration and investor education and created a community where users can connect, share, and learn.”
On eToro, users are able to look at other investors’ portfolios and stats, and interact with them to “exchange ideas, discuss strategies and benefit from shared knowledge.”
eToro serves as a bridge or connection between the traditional and modern worlds of investing. On eToro, clients are able to take positions in traditional assets like equities, currencies or commodities along with emerging digital assets like Bitcoin and Ethereum.