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BDSwiss announced on March 16, 2022, that it had appointed Nicolas Shamtanis as chief executive officer. The announcement followed his arrival at the broker in September 2021, reportedly as deputy CEO.
Shamtanis was not BDSwiss’s permanent or current CEO as of the latest information available. By July 2023, industry reports described him as the company’s former CEO. BDSwiss later presented Gregory Papagregoriou and Andreas Andreou as co-CEOs.
What BDSwiss announced
BDSwiss published the appointment announcement at 11:08 GMT on March 16, 2022. The company said Shamtanis would lead its international expansion, including efforts to broaden its services and range of assets for clients in different markets.
The announcement also quoted Shamtanis discussing client experience, expansion and the importance of operating in a regulated and transparent environment. Those statements describe the company’s intended direction at the time; they do not independently demonstrate that the appointment produced specific growth or performance results.
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The official announcement confirms the publication date, but it does not give a separate legal or operational effective date. It is therefore more accurate to say that BDSwiss announced his appointment on March 16, 2022, rather than to state without qualification that his appointment became effective on that date.
Shamtanis’s route to the CEO role
Shamtanis joined BDSwiss in September 2021 after about 15 years in the foreign-exchange industry, according to the BDSwiss announcement. Industry coverage identifies his initial BDSwiss position as deputy CEO before his promotion to CEO.
His previous career included senior positions at two major online trading firms:
| Period | Company and role |
|---|---|
| 2007–2018 | easyMarkets, where he held senior sales and trading roles and left as chief commercial officer |
| December 2019–2021 | Exness, initially as chief sales officer for the Asia-Pacific region in Kuala Lumpur |
| February 2020–2021 | Exness, head of B2B sales in Limassol, Cyprus |
| September 2021 onward | BDSwiss, reportedly joining as deputy CEO before becoming CEO |
BDSwiss’s own account describes the Exness period broadly as 2019 to 2021. More detailed industry reporting places his move into the head of B2B sales position in February 2020.
What the appointment meant for clients
A change of CEO can matter to customers because it may signal a change in business priorities, product coverage, geographic focus or operating approach. In this case, BDSwiss linked the appointment to international expansion and a wider selection of services and assets.
That announcement alone did not change the practical checks a prospective customer should make before opening an account. A trader should still verify:
- Which BDSwiss legal entity would hold the account.
- Whether that entity is authorised to provide the relevant products in the customer’s country.
- Which investor-protection rules, compensation arrangements and leverage limits apply.
- How spreads, commissions, overnight financing and withdrawal rules work.
- Whether the products are suitable for the customer’s risk tolerance.
These details can vary by jurisdiction and product. A CEO appointment is not evidence that an account is safe, profitable or appropriate for a particular investor.
He later left BDSwiss
Shamtanis should not be described as BDSwiss’s current CEO. The exact timing of his departure is not consistent across public reports. One report said he left quietly at the beginning of 2023, while another account based on his LinkedIn history placed the end of his BDSwiss role in October 2022.
The careful conclusion is that he was no longer CEO by mid-2023. Reports published in July 2023 described him as the former CEO of BDSwiss and said he had taken CEO positions at Netrios and RedAcre after a sabbatical.
BDSwiss subsequently referred publicly to a co-CEO structure, naming Gregory Papagregoriou and Andreas Andreou. Its corporate social responsibility page also identifies both men as co-CEOs.
As of 2026, Shamtanis’s own company website identifies him as a co-founder of Conexus IQ, a consultancy that helps with vendor selection in the fintech and CFD industries. That is separate from BDSwiss and does not identify him as a BDSwiss executive.
Timeline
- 2007: Shamtanis began his foreign-exchange career at easyMarkets.
- 2018: He left easyMarkets as chief commercial officer.
- December 2019: He joined Exness as chief sales officer for the Asia-Pacific region, according to industry reporting.
- February 2020: He reportedly moved to Exness’s head of B2B sales role.
- September 2021: He joined BDSwiss, reportedly as deputy CEO.
- March 16, 2022: BDSwiss announced his appointment as CEO.
- By mid-2023: Industry reports described him as the former CEO of BDSwiss.
- 2023 onward: BDSwiss publicly identified Gregory Papagregoriou and Andreas Andreou as co-CEOs.
Why the wording matters
Older search results or copied company profiles may still describe Shamtanis as the CEO of BDSwiss without a date. That wording is now misleading. The accurate description is that BDSwiss appointed him CEO in March 2022 and that he later left the position.
It is also important not to turn the company’s stated objectives into verified results. BDSwiss said the appointment was intended to support expansion, broaden services and assets, and improve the client experience. The announcement did not establish that the company became a market leader or that customers achieved better investment outcomes.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.FAQ
When did BDSwiss appoint Nicolas Shamtanis as CEO?
BDSwiss announced the appointment on March 16, 2022, at 11:08 GMT. The announcement does not state a separate effective date.
Was Nicolas Shamtanis CEO immediately after joining BDSwiss?
No. He joined BDSwiss in September 2021 and was reportedly deputy CEO before the company announced his promotion to CEO in March 2022.
Is Nicolas Shamtanis still the CEO of BDSwiss?
No. By July 2023, industry reports described him as BDSwiss’s former CEO. BDSwiss later identified Gregory Papagregoriou and Andreas Andreou as co-CEOs.
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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesWhat was Shamtanis expected to do as CEO?
BDSwiss said he would support international expansion, extend its services and asset range, and focus on the client experience. These were stated strategic intentions, not independently verified results.
What companies did Nicolas Shamtanis work for before BDSwiss?
He began his FX career at easyMarkets in 2007 and left in 2018 as chief commercial officer. He then worked at Exness from 2019 to 2021 in senior sales roles.
Does the CEO appointment make BDSwiss a safe investment platform?
No. Leadership changes do not establish that a broker is safe or suitable. Customers should verify the relevant BDSwiss legal entity, regulator, investor protections, fees, leverage rules and withdrawal conditions before depositing money.
The Bottom Line
BDSwiss announced Nicolas Shamtanis as CEO on March 16, 2022, after he joined the company in September 2021. His mandate was presented as part of BDSwiss’s international expansion and client-service strategy. He later left BDSwiss, so references describing him as the company’s current CEO are outdated.
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