Capital.com announces new regional structure to support sustained growth

LIMASSOL, CYPRUS, 13 November 2024 — Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1trn in 2023, today announces a new regional leadership model to better support rapid growth and innovation across key markets in which it is regulated. In Q1 2024 the Board of Directors approved plans for Capital.com to transition to a regionally focused model. Each jurisdiction of the Group’s operations will be overseen by a standalone CEO. This decision aligns with Capital.com’s wider sustainable growth strategy, ensuring robust risk management and innovation across all of its regulated and licensed subsidiaries.

In light of this, the Board is pleased to announce the promotion of Christoforos Soutzis, previously Head of Operations and Executive Director, to CEO of Capital Com SV Investments Limited (Capital.com Europe), headquartered in Limassol, Cyprus. Christoforos has been with the company for eight years and was most recently Group Head of Operations. 

As CEO of Capital.com Europe, Christoforos will be responsible for the strategic direction of the European business in addition to ensuring the smooth running of day-to-day operations, including strict adherence to all legal, compliance and operational standards.The Board will continue to provide strategic guidance, and ensure alignment with Capital.com’s long-term vision to provide clients with an innovative, tech-first trading platform tailored to meet local needs, preferences, and all prevailing regulations.

After almost three years of dedicated service as CEO of the UK and Cyprus companies and, latterly, as Global Group CEO, Kypros Zoumidou will step down from his role. He will stay with the business and assist the company with strategic projects, as well as help new management to settle into their roles, ensuring continued success in future initiatives.

Christoforos Soutzis, the new CEO of Capital.com Europe, said: “I am honoured to take up this new role at Capital.com. I have been with the company almost from its inception and have seen it go from strength to strength. I am excited to help steer the company into its next  phase as we continue to deliver the best trading experience for our customers.”

Kypros Zoumidou, outgoing Global CEO, said: “I am proud of the role I have played in making Capital.com one of the world’s leading trading platforms. I am grateful for the opportunity to have played a leading role in the company's incredible growth and have full confidence in the new leadership team and structure.”

Testament to its focus on growth and innovation, Capital.com reported a strong H1 2024 financial performance with net revenue across the Group climbing 35% and new user accounts growing by 63% from H2 2023. Over the same period, trading volumes reached $725bn while total headcount expanded by 17% to 728.

Christoforos will join Capital.com’s regional leadership team alongside Rupert Osborne, CEO of Capital Com UK Limited (Capital.com UK),Tarik Chebib, CEO of Capital Com MENA Securities Trading LLC (Capital Com MENA), and Campbell MacPherson CEO of Capital Com Australia Pty Ltd (Capital Com Australia). With these regional CEO appointments, Capital.com is well-positioned to accelerate its expansion in each market.