eToro appoints Meron Shani as the new CFO replacing Shalom Berkovitz. He was previously the Vice President of Finance for the company.

One of the leading global multi-asset brokers, eToro, is promoting Meron Shani as the new CFO of the company in Tel Aviv, replacing the retired Shalom Berkovitz. Previously, Shani was vice president of finance and had been with eToro for approximately four years.


He started his career in the industry around 23 years, initially as a Senior Associate at PricewaterhouseCoopers in 1999, making a name for himself in the eGaming industry. Sahni's other experiences include serving as Director of the finance section at PokerStars and at 888 Holdings for around 9 and 3 years, respectively.

Previously, the social trading platform lost several senior employees, such as Dylan Holmani, a head of Global Sponsorship for seven years, and also Dennis Austinat, who joined the company Trive in Amsterdam.


eToro IPO Cancellation

In addition to promoting a new CFO, eToro experienced a $10 billion loss after failing to go public since a Betsy Cohen-backed SPAC canceled its deal. In other news, eToro laid off nearly 6% of its employees, or around 100 workers.

But for its client experience, eToro has acquired portfolio management company Bullsheet to make eToro accounts more transparent. Following its $50 million acquisition of the no-fee trading app Gatsby, this is the second acquisition to expand its US operations.