April 20, 2021 - BaFin and CySEC regulated multi-asset trading firm JFD Group Ltd, has announced today that the company co-founder and long-time CEO, Lars Gottwik, will step down from his position on 30th April 2021, leaving the international investment firm after more than ten years, "of hard work and sustainable growth". No successor has been named.

Under Gottwik's leadership, the company evolved from an ambitious start-up to a global financial group, establishing an overseas subsidiary and acquiring in 2018 the German investment bank Acon Actienbank AG which was renamed to JFD Bank AG with him as the CEO. JFD Bank now has 3 operational licenses (BaFIN, CySEC, VFSC) and serves clients from more than 130 countries across five continents.

Gottwik opened multiple offices for JFD in different cities around the world, including Limassol (Cyprus), Ludwigsburg (close to Stuttgart, Germany), Varna and Sofia (Bulgaria), Shenzhen (China) and Madrid (Spain), employing in total more than 100 staff.

Mr Gottwik, in a farewell note, commented, "It was a unique experience and great adventure growing JFD, together with my teammates, from zero to a globally renowned multi-asset broker. Our team spirit, combined with the ambition to change a whole industry for the better by becoming more transparent and client-centric, made the difference. After these ten years, I leave JFD being proud of what we achieved as a team. Yet, it is time for a new chapter in my professional career. I want to thank once more my colleagues for such an amazing experience."

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