Ayondo adds Spain as its third European market
The fintech and social trading pioneer is opening offices in Madrid and Barcelona as it expands its retail distribution market from the UK and Germany.
Financial technology and social trading group ayondo has launched into business in Spain with offices in Barcelona and Madrid, marking its development of a third core retail distribution market after Germany and the UK. Following regulatory approval from the Spanish National Securities Market Commission (CNMV), ayondo will promote its services in Spain.
The Spanish business will be led by Raza Perez, who has extensive experience in the Spanish financial technology industry. He was founder and chief executive officer (CEO) of brokerage house ActivoTrade and has been appointed head of product at ayondo group. In his role Perez leads the group’s product strategy, the centrepiece of ayondo’s growth, and drives the development of the product offering across all lines of the business. In Spain, Perez has introduced the concept of social trading to investors.
Ayondo also named Josef Ajram as its social trading ambassador and co-author of its newly-published book ‘Social Trading for Dummies’.
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