eToro, a multi-asset trading company, revealed to FortuneZ that it has appointed its first-ever Chief Investment Officer (CIO) – Gil Shapira.
As the CIO, Shapira will be in charge of growing eToro’s assets under administration across stocks and copy. This will also include the firm’s growing range of CopyPortfolios. Furthermore, he will also oversee the company’s analysts around the world.
Commenting on the new appointment, Yoni Assia, the CEO and Co-Founder of eToro, said: “We are pleased to welcome Gil to eToro. He will play a key role as we work to enhance our internal investment management capabilities.
“eToro’s mission is to open the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro has 12 million registered users from over 100 countries. Gil will help us grow that number and help more people engage with capital markets, whether by trading stocks with zero commission or by investing in one of our thematic portfolios such as cannabis or 5G.”
Gil Shapira joins eToro from Psagot
Before he was the CIO of eToro, Shapira was at Psagot, a large investment house in Israel. During his 13 years with the company, he held a number of different roles across customer and consultant relations and investment.
His most recent position with the investment firm was in Psagot’s Index Fund’s business. In particular, for the last seven years, he was the Chief Executive Officer (CEO) of this unit. As the CEO, he managed a team of 70 people and oversaw assets under management of $7 billion across 160 exchange-traded funds (ETFs).
Speaking on his new role, Gil Shapira, the CIO of eToro, added: “I have watched with interest and admiration the growth of eToro over the past 12 years. I am incredibly excited to be joining eToro and to be part of its future expansion.”