The CEO of London-listed Eight Capital has stepped down.

David Bull joined as a non-executive director in June of last year and was appointed CEO in September, when the firm switched from being an investment vehicle to a financial services operating company. 

The change of strategy a year ago accompanied news of a comprehensive balance sheet restructuring.

Its stated aim now is to grow revenue through businesses engaged in FinTech operations, from digital banking services through to blockchain-backed disruptive finance companies.

Luciano Maranzana has been appointed to the board as a non-executive director. 

Maranzana, 60, has enjoyed a nearly 30-year career primarily in asset management. He was previously MD, Italy and Spain for UK investment group Hammerson plc and MD of Valore Reale Sgr Spa, a closed-end fund management company.

Under his leadership, the latter company grew from 5 to over 30 employees with combined assets under management of more than €1.8 billion.

He joins ECP from Negentropy Capital Partners Italia, a London-based alternative investment management and advisory company.

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The board of ECP is in the process of appointing a new CEO as well as considering further additions to the board.

ECP executive chairman Dominic White said: “On behalf of the company, I would like to thank David for his contribution.

“I am delighted to welcome Luciano to the board…  he will add new, complementary skills to the wider group as we continue to build ECP into an international FinTech operating business.”

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