eToro, the social investing network, recently announced the appointment of Nicole Murphy as U.S. Chief Compliance Officer and James (Jim) McGrath as U.S. Head of Anti-Money Laundering.
In her new role as U.S. Chief Compliance Officer, Nicole will “oversee the design, implementation, and maintenance of the compliance programs for eToro’s US enterprise.” She reports “to eToro’s U.S. Senior Counsel, Andrew McCormick.”
Nicole joins from CashApp Investing, LLC where she “served as Chief Compliance and Risk Officer responsible for management and oversight of all compliance and AML-related functions for the broker-dealer.”
She brings with her “considerable compliance experience having held the role of Vice President of Regulatory Relations at E*TRADE and Morgan Stanley, as well as retail and operational experience from TD Ameritrade Inc. and TD Ameritrade Clearing.” She has “a B.A. in Philosophy with a co-major in Political Science from Creighton University and holds her Series 7, 24, and 63 licenses.”
In his new role as U.S. Head of Anti-Money Laundering, Jim will be “responsible for the design, development, and implementation of eToro’s AML program for its US businesses.” He also “reports to eToro’s U.S. Senior Counsel, Andrew McCormick.”
Prior to joining eToro, Jim was “the Senior Manager of Global Financial Crimes & Consumer Protection at PayPal where his responsibilities included the design and development of an anti-money laundering trade surveillance program and partnering with multiple teams to analyze investigative trends.”
Jim’s experience “spans traditional financial services and fintech having worked for Morgan Stanley as the Vice President of Global Financial Crimes and held prominent roles with E*TRADE, OptionsHouse, Interactive Brokers, and Simplex Investments.” He has “a B.S. in Finance from DePaul University and holds his Series 7, 24, 55 and 63 licenses.”
Lule Demmissie, eToro’s US CEO said:
“We are delighted to welcome Nicole and Jim to the eToro team as we continue to grow our presence in the U.S. market. They both bring a wealth of diverse prior experience encompassing fintech, traditional finance, Wall Street and start-ups, that will be immensely beneficial to our company and customers. Above all, they are empathetic, creative and thoughtful leaders and we are excited about the contributions they will make to eToro as we continue to grow.”
As covered, eToro is a social investment network that “empowers people to grow their knowledge and wealth as part of a global community of investors.”
eToro was founded in 2007 “with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way.”
Today, eToro is “a global community of more than 30 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful.”
Due to the simplicity of the platform users “can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.”