Warsaw-based brokerage firm XTB S.A. has announced that Jan Byrski will be stepping down from his role as Chairman of the Supervisory Board, effective January 15, 2025. The resignation, attributed to personal reasons, was disclosed on January 2, 2025. The company has yet to reveal its plans for appointing a successor, but it is expected to address the vacancy promptly to ensure seamless operations.
Jan Byrski’s Professional Contributions
Jan Byrski has played a pivotal role in XTB’s governance, contributing to the company’s growth and competitiveness in the online trading industry. His leadership has helped solidify XTB’s position as a key player in the market.
Byrski’s professional background spans academia, law, and regulatory affairs. He has been an Associate Professor at Krakow University of Economics since 2019, following his earlier tenure as an Assistant Professor in the Civil and Business Law Department from 2011 to 2019. His academic career at the university spans 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 for seven years. His expertise extends to regulatory matters, as evidenced by his membership in several working groups, including the Personal Data and Blockchain Working Groups at the Ministry of Digital Affairs and the FinTech Working Group at the Polish Financial Supervision Authority.
XTB’s International Expansion
In addition to announcing Byrski’s resignation, XTB revealed significant international developments. The company has recently secured regulatory approvals in Indonesia and the UAE, further expanding its global footprint.
- Indonesia: XTB received a PALN license for its subsidiary, XTB Indonesia Berjangka, allowing it to offer stocks and ETF investment services starting in the first half of 2025.
- United Arab Emirates: The company obtained a Category 5 license from the UAE Securities and Commodities Authority, enabling broader operations beyond Dubai. XTB’s Middle East division reported a 44.7% revenue growth in Q3 2024, and additional product innovations are anticipated in 2025.
Looking Ahead
While Byrski’s departure marks the end of an era for XTB’s Supervisory Board, the company remains well-positioned for continued growth, driven by its recent regulatory advancements and strong market presence. XTB’s leadership is expected to act swiftly to maintain operational stability and capitalize on its expanding global opportunities.
