Andrew McCormick, head of US operations at eToro, has resigned from his position. He announced his departure on LinkedIn. “My time here is over, but I will be forever grateful for this unforgettable adventure,” he wrote in his post.
Alan Tennecon, head of operations and services for eToro’s US business, will assume McCormick’s responsibilities, eToro said.
eToro US President McCormick steps down
Commenting on his departure, the company said: “We thank McCormick for his contributions to eToro’s US business and wish him well in his new role.”
McCormick subsequently took over as president of eToro US Lule Demmissie has stepped down as CEO of the company’s U.S. operations. He served in this position for approximately two years. He was promoted to this position from his previous position as Senior US Counsel, which he held for more than two years with the company.
He also spoke about his time at the company, saying, “It was hard work,” and added that he was “blessed to have spent the past four and a half years with a team full of passion, integrity, and kindness.” He said he was “grateful for the lessons learned” and “for the work we did to help investors.”
Morgan Stanley to eToro Career Path
Prior to joining eToro, he worked at Morgan Stanley as Vice President and Regulatory Enforcement and Litigation Counsel for approximately one year and four months. In this role, he was responsible for the regulatory investigations that followed the Morgan Stanley investigations acquisition From e-commerce.
Before that, he spent about four years at E*TRADE. He initially served as Director and Assistant General Counsel for just over one year, and before that as Assistant General Counsel for approximately three years. In these roles, he worked on regulatory investigations and provided advice on products, operations, technology, anti-money laundering and marketing compliance difference.
He began his legal career at Eversheds Sutherland, where he worked as a litigation and enforcement associate for over six years.
eToro Expands Cryptocurrency Trading in New York
Meanwhile, eToro has expanded its cryptocurrency trading services to New York residentsAllowing users to buy and sell digital assets along with stocks, ETFs, and options on its platform.
The move expands the company’s cryptocurrency offerings to 48 US states and follows approval from New York’s financial regulators. The company obtained a New York State BitLicense and Money Transmitter license after years of dealing with state authorities, enabling it to operate in one of the most regulated US markets.
This article was written by Tariq Sikdar at www.financemagnates.com.
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