Deriv Promotes Rakshit Choudhary to Co-CEO Role

Deriv, a leading online trading company based in Cyberjaya, Malaysia, has made a significant announcement as it gears up to celebrate its 25th anniversary. Rakshit Choudhary, who previously served as the Chief Operating Officer (COO), has been promoted to co-Chief Executive Officer (co-CEO) alongside Founder Jean-Yves Sireau.

The decision to adopt a co-CEO model aims to leverage the unique strengths and diverse perspectives of both leaders, enhancing decision-making processes and fostering a culture of collaboration within the organization. This strategic move reflects Deriv's commitment to incorporating varied viewpoints and promoting teamwork to ensure agility in business operations.

Rakshit Choudhary, a seasoned leader with a Master's degree from the Georgia Institute of Technology, joined Deriv in 2009 and has since held key roles within the company, including Head of Product Development and COO. His promotion to co-CEO signifies a natural progression in his career trajectory and underscores Deriv's focus on sustained growth and innovation.

In addition to the leadership transition at the executive level, Deriv has also implemented a co-Chief Financial Officer (co-CFO) model, appointing Jennice Lourdsamy to share the CFO responsibilities with Louise Wolf. This dual leadership approach underscores Deriv's commitment to fostering a culture of shared accountability and collaboration across all organizational levels.

As Deriv embarks on its next phase of expansion, with a strategic focus on global outreach and market diversification, the company remains dedicated to its core values of integrity, competence, customer focus, and teamwork. With a workforce of over 1,400 employees worldwide and a customer base exceeding 2.5 million traders, Deriv continues to set industry standards in providing accessible and innovative trading solutions.

As Deriv commemorates 25 years of excellence in the online trading industry, the promotion of Rakshit Choudhary to co-CEO heralds a new chapter of growth and collaboration for the company. With a steadfast commitment to leadership excellence and customer-centric practices, Deriv is poised to navigate the evolving landscape of global trading markets and uphold its mission of democratizing access to advanced trading solutions.