Zurich-based funding agency Ayondo has parted methods with its long-serving CEO Robert Lempka, per an organization assertion.
Robert Lempka co-founded ayondo in 2008 along with his former colleague at Goldman Sachs Thomas Winkler. He graduated from the University of Trier, Germany in 1993 with a grasp of science.
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Ayondo provides a broad spectrum of providers that cowl each retail and institutional sectors. The group claims to have 210,000 customers from 195 international locations on its social buying and selling platform.
A seek for a successor is underway. In the interim, the Singapore-listed firm has appointed Mark Street, the regional head of ayondo’s Asian enterprise, as its interim chief government officer. Street has additionally labored as an advisor of ayondo since 2013, the corporate mentioned.
The interim CEO has over 25 years of expertise within the monetary providers trade. He initially started his profession with UBS Securities in 1993 and served as head of institutional equities at Al Rajhi Capital, the brokerage arm of Saudi Arabi’s greatest financial institution.
Expansion in Asia
Street helped Ayondo ink greater than 25 B2B partnership offers in Asia, starting from white label companions to introducing brokers. In Singapore, the corporate has teamed up with native brokerage agency KGI Fraser Securities to launch a contracts for variations (CFDs) platform, additionally based mostly on Ayondo’s current TradeHub system.
Commenting on the information, co-founder and chairman of ayondo Thomas Winkler mentioned, “We’d prefer to take this chance to thank Robert for his tireless work constructing ayondo from its basis by to its present place as a worldwide Financial Technology group and we want him all the perfect for the longer term. Mark Street is nicely positioned to helm the enterprise and can lead the corporate in the direction of its subsequent step.”
In 2016, ayondo acquired CommerceHero, a developer of a preferred investor- schooling utility, which allowed the corporate to broaden its choices and operations in Asia. Through the CommerceHero model, Ayondo additionally targets Chinese merchants with a simplified informal buying and selling product.
Also in 2017, Ayondo Group activated its portfolio administration license issued by the German regulator (BaFin) making the social platform the primary fintech firm to supply its providers underneath such a license.