Capital.com Shifts to Regional Leadership as CEO Kypros Zoumidou Steps Down

Capital.com has announced a significant shift in its leadership structure following the departure of Kypros Zoumidou from his role as Global Group CEO. Rather than filling the position with a new global leader, the broker is moving to a regional leadership model that empowers leaders across various regions to spearhead operations. In line with this approach, Christoforos Soutzis has been appointed as the CEO of Capital.coms Cyprus entity.

The decision reflects a strategy aimed at tailoring leadership to the unique needs of each region. Alongside Soutzis in this new structure, Rupert Osborne heads the UK operations, Tarik Chebib leads the Middle Eastern and North African (MENA) branch based in Dubai, and Campbell MacPherson oversees Capital.coms Australian division.

Zoumidou, who led Capital.com globally for nearly a year, will remain involved in the organization in a strategic capacity. His ongoing role will involve working on critical projects and supporting the new regional leadership to ensure a seamless transition and sustained growth in the coming years.

Christoforos Soutzis‘ promotion underscores Capital.com’s commitment to internal growth and development. Soutzis has a long-standing history with the company, having joined in 2016 as Head of Risk Management. Over nearly eight years, he advanced to Group Chief Risk Officer before assuming his new role. His career journey also includes experience at IronFX, where he held multiple roles, which contributed to his expertise in managing risk and overseeing operations.

Soutzis will now be responsible for Capital.coms strategic direction and day-to-day operations across Europe. His goal will be to drive growth and ensure the company's continued success in the region, in line with the company's ambitious targets.

This shift in leadership was followed by another recent appointment: Salim Sebbata, who joined Capital.com as Head of M&A and Corporate Development. Sebbata‘s expertise includes his former role as CEO and Managing Director of BUX’s UK division, which was later sold to APM Capital Markets.

The reshaped leadership structure comes at a time of record-breaking performance for Capital.com. Client trading volume in Q3 2024 reached $450 billion, marking a 20% increase over the previous quarter. With a year-to-date trading volume exceeding $1.2 trillion, the platform has already surpassed its total for the previous year. Additionally, Capital.com disclosed that revenue growth is now in the triple-digit millions, and user registrations continue to rise significantly. In light of this growth, the company has announced plans to double its engineering team, further supporting its expansion goals.

Final Thoughts

Capital.coms new regional leadership approach illustrates a dynamic shift in corporate strategy, focusing on a decentralized model to cater to regional demands effectively. By promoting experienced insiders like Soutzis, the company emphasizes a culture of internal growth and familiarity with its core values. This change, combined with impressive recent performance metrics, suggests that Capital.com is well-positioned to continue its upward trajectory in the global financial market. The restructuring could pave the way for even greater flexibility and responsiveness, enabling each regional head to leverage local insights for targeted growth and service improvements.