Plus500 major changes following Playtech deal

18 August,, Vilnius – Following the latest news, Plus500 UK replaces the current organisation’s CEO Yair Lavi with former Alpari executive Mark Winton.

Starting as the new CEO of Plus500 UK is Mark Winton, a seasoned corporate governance and compliance professional who has most recently been the Global Head of Compliance at Alpari UK Ltd. Moreover, Winton has also worked, primarily in senior risk management and compliance roles, at London Capital Group Holdings Plc, Astaire Securities, Goodman UK Limited, Brown Shipley & Co Limited and Thomsons Wealth Management Ltd.

In particular, Winton specialises at CFDs, Forex, wealth management, alternative investment funds and FCA relationship management.

Plus500 management changes

With the move, Winton replaces PwC veteran Yair Lavi, who was a CEO at Plus500 UK since 2013. However, Lavi remains as a director at the organisation.

Furthermore, Gareth Derbyshire, a Senior Manager in the Financial Services Risk and Regulation at PwC is set to fill The Head of Compliance role.

All of Plus500 major changes  have been initially made before the online gaming and trading giant Playtech announced a deal for Plus500 UK earlier this year.

Playtech acquiring process

Following Plus500 statement of an approved acquisition by the company’s shareholders at the Special General Meeting with an overwhelming majority voting 93.4% in favour of the recommended cash acquisition by Playtech. The votes at the SGM represented 71.8% of Plus500 overall voting power. Next will come vote from Playtech shareholders to conclude the deal of Friday, August 19. Considering a “yes” vote, the planned acquisition should receive pending FCA regulatory approval in late September.

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