#Malaysia #CEO Appointment #Cyberjaya #Deriv #Rakshit Choudhary

A New Era for Deriv: Rakshit Choudhary Takes the Helm as CEO

In a significant shift in leadership, Deriv, a frontrunner in the online trading sector, has announced that Rakshit Choudhary has been appointed CEO, a role previously held by founder Jean-Yves Sireau. This transition marks a pivotal moment in the company’s evolution as it embraces a future focused on innovation and growth.

Rakshit Choudhary, who has been with Deriv for an impressive 16 years, has risen through the ranks from his early days to co-CEO and now to the top position. His journey within the company has seen him play a crucial role in scaling operations and establishing Deriv as a trusted partner for over three million clients worldwide. Before taking on the role of CEO, Choudhary served as the Chief Operating Officer where he was critical in launching industry-leading trading products and advocating for a mission aimed at making trading accessible and fair for everyone.

Expressing his excitement about the new role, Choudhary said, "It’s a great honor to take on the role of CEO. Deriv has consistently pushed the boundaries of innovation in trading, and I look forward to building on that legacy and accelerating growth in our core markets."

The timing of this leadership change comes as Deriv embarks on a bold strategy to become an AI-first company. Significant investments are being made in technology, infrastructure, and talent to ensure the firm can deliver a sophisticated and personalized trading experience. Choudhary’s vision is to transform how clients engage with trading practices, leveraging AI to create more efficient and tailored solutions that meet the evolving needs of users across the globe.

Jean-Yves Sireau, the founder of Deriv, who has been at the forefront of the company since its inception in 1999, expressed his confidence in his successor. After 25 years of dedicated leadership, Sireau will transition to a role focused on strategic guidance and future projects, including a new venture in the health industry, n1.healthcare, which aims to utilize AI for health optimization. He stated, "This handover represents a natural and exciting evolution for Deriv. Rakshit has been an integral part of the company’s growth for years and is ideally poised to lead it forward."

The leadership transition signifies not only a change in personnel but also a strategic pivot for Deriv as it leverages AI advancements to enhance growth. By adopting an AI-first philosophy, the company aims to drive scalable development and deliver a robust and personalized trading experience. This proactive approach aims to keep Deriv competitive in a rapidly evolving trading landscape, where efficiency and user experience are paramount.

As Deriv prepares for this new chapter, there is a palpable sense of optimism and determination among the team. Under Rakshit Choudhary’s leadership, the expectation is that Deriv will soar to new heights, continuing its legacy of pushing innovation and making trading accessible for more individuals globally.

With a strong foundation already in place, the company and its clients can look forward to what promises to be an exciting new phase marked by growth, enhanced technology, and a commitment to serving the trading community. Rakshit Choudhary stands ready to meet these challenges head-on, fulfilling the mission of Deriv while carving the path for its future.

For more updates and insights on Deriv's journey under new leadership, visit Deriv's official website.