eToro Appoints Regulatory and Financial Technology Expert to Board of Directors

After a solid first quarter in 2025, forex broker eToro announced the appointment of two key figures, Laura Unger and Lior Shemesh, to the Audit and Risk Committee. This strategic decision aims to enhance the governance and risk management capabilities of the social trading broker as they prepare for further expansion, especially after listing their shares on Nasdaq.

These two names are not newcomers. Laura Unger brings over two decades of financial regulation experience, having served as a Commissioner and Acting Chair of the U.S. Securities and Exchange Commission (SEC).

Joining her is Lior Shemesh, who has been the Chief Financial Officer (CFO) at Wix since 2013, with a strong background in financial roles at other technology companies such as Alverion Ltd. and Veraz Networks Inc. Their combined expertise is predicted to be a great asset for the growth of forex broker eToro.

Speaking of growth, eToro's latest financial report for Q1 2025 is very impressive. The company recorded an 8% year-over-year increase in net contributions, reaching $217 million as of March 21, 2025. Even more interestingly, the number of funded accounts increased by 14% to 3.58 million, and assets under management (AUM) jumped 21% to $14.8 billion! These figures clearly show that eToro continues to maintain its strong momentum in the market.

Despite the overall positive picture, GAAP net income experienced a slight decrease to $60 million from $64 million. This was mainly due to significant expenses for marketing and strategic investments aimed at expanding their offerings. Similarly, EBITDA also experienced a slight decrease to $80 million, with margins narrowing to 37%.

Don't forget to keep an eye on forex broker news for further updates on eToro!