eToro appointed Yaki Razmovich as Managing Director for Singapore and the wider Asia region. Razmovich brings more than 20 years of experience in financial services, with a deep focus on Asia’s regulatory and commercial environments.

Seasoned Financial Expert

He previously held senior roles at ABN AMRO and Standard Chartered, where he led strategic initiatives and regional expansions. At ABN AMRO, he oversaw operations across the Asia-Pacific, managing risk, controls, and new market entries, including the bank’s move into Australia.

His prior roles at Standard Chartered focused on SME banking strategy and client propositions across Southeast Asia. Now based in Singapore, Razmovich will oversee eToro’s growth strategy across Asia.

“I’m honoured and excited to join eToro and lead its growth in Singapore and Asia. We have received an In-Principle Approval for a Capital Markets Services license from MAS and are working towards activating it in the foreseeable future,” said Yaki Razmovich, Managing Director of eToro Singapore and Asia.

“Singapore is a key wealth management and financial hub in Asia and is the natural choice for eToro to expand its services to the Asia Pacific region.”

Building a Regional Franchise

His appointment comes as eToro works towards activating its Capital Markets Services license, having already received in-principle approval from the Monetary Authority of Singapore (MAS). The license would mark a key regulatory milestone, enabling eToro to expand its trading and investment offerings more broadly across the region.

The hiring decision reflects eToro’s broader ambition to grow its presence in high-potential Asian markets. Etay Cohen, eToro’s Chief Customer Officer, emphasized Razmovich’s track record in leading expansions and navigating regional regulatory landscapes.

As regulatory frameworks in key Asian markets evolve, platforms like eToro are racing to align with local requirements and seize new opportunities. With Razmovich at the helm, the company aims to accelerate its plans and solidify its position in the region’s increasingly competitive fintech ecosystem.

Meanwhile, eToro Group Ltd announced early this week that it is targeting a valuation of up to $4 billion in its initial public offering in the United States. The fintech giant has reportedly started a roadshow for its planned initial public offering. It aims to list 10 million Class A common shares, half of which will be offered by eToro, while the remaining will be sold by existing shareholders.

This article was written by Jared Kirui at www.financemagnates.com.ExecutivesRead More

You might also be interested in reading Current Crash Hits Dogecoin and Shiba Inu Harder than Other Cryptos.