American stock trading app Robinhood has tapped Freetrade executive Jordan Sinclair to lead its renewed plan for a UK launch.
In brief:
-Sinclar has been approved by the FCA to act as Robinhood UK Ltd chief executive, a register shows, as reported by Bloomberg.
-Sinclar has been managing director, Europe, at UK stock trading app Freetrade for a little over a year. Previously, he worked at Barclays.
-Robinhood is planning to launch brokerage services for UK retail investors later this year.
What does this mean?
“Although our global expansion plans are on hold for now, we’re committed to democratising finance for more people around the world. We look forward to the day when we can bring this mission to the U.K.” But the appointment of Sinclair has reignited talk of Robinhood’s long-awaited UK debut.
