Robinhood, the popular US stock trading app, has taken a significant step towards its delayed UK launch by appointing a new chief executive.
According to the Financial Conduct Authority’s financial services register, Jordan Sinclair has been named the UK chief executive for Robinhood, assuming the position on 18 July 2023.
Sinclair brings a wealth of experience to the role, having previously served as the managing director for UK stock trading app Freetrade from March 2022 until April 2023.
During his tenure, he oversaw the app’s expansion into Sweden in November 2022. Before that, Sinclair held the position of director of group strategy and corporate development at Barclays for nearly three years.
This appointment signals Robinhood’s renewed efforts to enter the UK market after facing delays in its initial plans.
The company had originally intended to launch in the UK in 2020 and even conducted pre-launch testing. However, due to the global changes brought on by the events of 2020, the plans were postponed indefinitely in July of that year.
With Sinclair now at the helm as UK chief executive, Robinhood seems determined to make its mark in the UK’s financial landscape. However, specific details about the app’s UK entry, including a potential launch date, have not been disclosed yet.
As investors and users eagerly await further announcements, it remains to be seen how Robinhood’s arrival will shape the UK stock trading scene.