Finalto names Klelia Orphanidou head of UK compliance

abdelaziz Fathi

Finalto has appointed Klelia Orphanidou as its newest B2B head of UK regulatory compliance as part of a broader organizational reshuffling at the company’s FCA regulated areas of the business.

‎ Klelia ‎will lead Finalto’s compliance team in the City, where she will be tasked with ‎ensuring ‎adherence to the relevant rules, regulations, and guidelines by which the ‎firm is bound. Given the increasingly global nature of the business and a ‎‎regulatory landscape that is constantly evolving, this is a greater challenge ‎‎now than ever before.‎

Orphanidou has been with the Finalto Group for nearly a decade, having previously held the positions of MLRO and Compliance Officer for the Group’s CySEC regulated entities. Now she relocates to London to take on her new position with lots of change on the horizon for financial firms, including the introduction of the UK Consumer Duty Act.

Orphanidou act will as the primary contact for the FCA and other relevant authorities. She will also oversee the firm’s transaction and trade monitoring program, and any resulting investigations of suspicious transactions/orders including the submission of reports to regulatory bodies.

She began her career in law, before deciding to switch litigation to the financial services industry.

“2023 will be an intense year for all firms in our line of business,” she said. “Luckily, I have a fantastic growing team and we have established our compliance culture across the organisation. Finalto has the infrastructure, technology, people and capacity to evolve as regulation evolves and come up with new products to best suit its clients while adhering to regulatory requirements.”

“Finalto is one of the leading financial services firms in our sector and being part of it is a great achievement. We have several projects in the pipeline, focusing on automation and efficiency of our monitoring,” she adds.

Matthew Maloney, Group CEO of Finalto, said: “We are delighted to welcome Klelia Orphanidou to her new role as B2B Head of Regulatory Compliance. She has long been a valuable member of our team and we’re excited to see what she brings to this position.”

The past few month has seen Finalto consistently focus on upgrading its offering, culminating in the winning of Best B2B Liquidity Provider (Prime of Prime) at FMLS22 Awards, just five months after bagging the same award at the Ultimate Fintech Awards in June.

 Finalto boasts a wide range of services and solutions to create the perfect technology proposition for a brokerage business. That includes a complete end-to-end solution consisting of front-end platforms, back-office administration, risk management tools, pricing tools and enhanced connectivity.

Read this next

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”

Technology

Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”

Retail FX

BUX joins forces with BlackRock for iShares ETFs offering in 7 European countries

“By joining forces with Blackrock, a renowned expert in financial markets and products, we have created a good solution for clients that are overwhelmed by the choice of products and don’t know how and when to start investing. Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future.”

Retail FX

CMC Invest gets in-principle approval to launch shares, ETFs, futures, and options in Singapore

“This announcement is a major milestone and validation for CMC Markets. Our business has been offering CFDs in Singapore since 2007, but the Capital Markets Services Licence for CMSI will allow us to serve our clients with more robust investment products, including shares and ETFs.”

Executive Moves

Eightcap hires ex-IG, ex-StoneX Alex Howard as CEO

“In my first weeks, the priority is to immerse myself in the business, including connecting with the global team, developing a nuanced understanding of strategy and operations, and listening to clients.”

Digital Assets

OneCoin founder Ruja Ignatova is selling penthouse in UK

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Digital Assets

Bitpay taps MoonPay to offer access to +60 cryptocurrencies

Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.

<