Robinhood reignites plans for UK expansion with chief exec hire
US stock trading app Robinhood has breathed life into its delayed UK launch with a new chief executive appointment.
Robinhood hires chief exec for potential UK launch
According to the FCA’s financial services register, Jordan Sinclair has been appointed to the position of UK chief executive for Robinhood, with the listing showing that he assumed the position on 18 July 2023.
As per Sinclair’s LinkedIn profile, he previously served as managing director for UK stock trading app Freetrade from March 2022 until April of this year, which included overseeing its expansion into Sweden last November.
Prior to this, he also served as director of group strategy and corporate development for Barclays for just under three years.
The appointment is significant for Robinhood as it appears to all but confirm that it is renewing its attempt to enter the UK market.
Robinhood had initially intended to launch in the UK back in 2020, and had even instigated a pre-launch testing phase in preparation. However, a statement by the company in April 2021 confirmed that the plans had been postponed indefinitely in July 2020, stating that “a lot changed in the world in the first half of 2020”.
Further plans for the app’s UK entry, including a potential launch date, are currently unknown.
