- Jordan Sinclair Appointed as Robinhood’s UK CEO
- Robinhood Prepares Revived UK Launch
- Details of UK Launch Plans Remain Unknown
New York-based Robinhood Markets has appointed Jordan Sinclair to supervise the company’s long-delayed entry into the British market.
The US stock trading app Robinhood Markets has hired a senior executive from the British fintech company Freetrade to lead revived preparations for a UK launch.
Former Barclays executive Jordan Sinclair has been appointed as Robinhood’s UK CEO.
A Financial Conduct Authority filing indicates that Mr. Sinclair’s appointment became effective earlier this month.
According to his LinkedIn profile, he served as managing director of Freetrade’s European operation for thirteen months.
Ten days before his arrival, The Daily Telegraph reported that Robinhood was preparing to launch its platform in the United Kingdom.
Due to increased regulatory scrutiny in its native market, it abandoned its 2020 Atlantic expansion.
Robinhood, which debuted in 2013, saw an explosion in demand from locked-down customers during the pandemic, spurring a trading frenzy in so-called meme stocks’.
Robinhood, a $11.5 billion New York-listed firm, has seen its shares rise 40% in the past year.
Nonetheless, it is currently valued at a fraction of its 2021 listing price.
In the United Kingdom, where it would compete with Mr. Sinclair’s former employer and the likes of AJ Bell and Hargreaves Lansdown, further details of its launch plans are unknown.
