XTB Announces Jan Byrski Stepping Down as Supervisory Board Chairman

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Warsaw-based brokerage firm XTB S.A. announced on January 2,
2025, that Jan Byrski has resigned from his position as Chairman of the
Supervisory Board. The resignation, attributed to personal reasons, will take
effect on January 15, 2025, according to the company.

Professional Summary of Byrski

Byrski has been a key figure in overseeing XTB’s governance,
contributing to its growth in the competitive online trading market. The
company has not disclosed plans for his succession but is expected to address
the vacancy promptly to ensure operational continuity.

Byrski has held various positions in academia, law, and
regulatory sectors. At Krakow University of Economics, he has been an Associate
Professor since October 2019, following an earlier role as Assistant Professor
in the Civil and Business Law Department from 2011 to 2019, with a total tenure
of 14 years.

In the legal field, Byrski has been a Partner and
Attorney-at-Law at Traple Konarski Podrecki & Partners since 2011, after
serving as an Associate Attorney from 2004 to 2011.

Byrski is also a member of the Personal Data and Blockchain
Working Groups at the Ministry of Digital Affairs since June 2018 and
participates in the FinTech Working Group at the Polish Financial Supervision
Authority.

Regulatory Approvals in Indonesia and UAE

Meanwhile, XTB
has expanded its international presence with two new regulatory approvals
.
It received a PALN license in Indonesia for its subsidiary, XTB Indonesia
Berjangka, enabling the offering of stocks and ETF investment services starting
in the first half of 2025, as reported by Finance Magnates.

Additionally, XTB secured a Category 5 license from the UAE
Securities and Commodities Authority, allowing the company to expand operations
beyond Dubai. XTB’s Middle East operations showed a 44.7% revenue increase in
Q3 2024, and further product innovations are expected in 2025.

This article was written by Tareq Sikder at www.financemagnates.com.

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