eToro Appoints Michael Ptasznik to Its Board of Directors

eToro, a leading social trading provider, has announced the appointment of Michael Ptasznik as the new member of the company’s Board of Directors. Michael will join the eToro Board at the closing of eToro's merger with Fintech Acquisition Tech V which is anticipated in Q4 2021.

Michael brings decades of experience in financial services industry to the brokerage company. He will also become a member of the eToro Board's Audit and Risk Committee.

Prior to the appointment, he served as Chief Financial Officer and Executive Vice President of Nasdaq, responsible for leading corporate strategy, M&A, finance, investor relations, risk management, corporate real estate and ESG.

Before that, he worked as CFO for TMX Group Limited, where he provided strategic and financial leadership, including the company's successful IPO and numerous M&A transactions. He had previously served in several financial roles at Procter & Gamble Canada Inc.

“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,”Yoni Assia, Co-founder and CEO of eToro commented.”Michael will provide us with invaluable guidance as we embark on the next chapter in eToro's story and continue our own accelerated growth."

“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,”Michael Ptasznik said.

Earlier this month, eToro announced to cut minimum first-time deposit to $50 in 30 regions​. Clients of the broker can go on to invest in Stocks, ETFs, Crypto, and other major currency pairs with as low as $50.