Sam Chaney, Chief Commercial Officer at NAGA Group, has
announced his departure from the company on LinkedIn today (Tuesday). Chaney stated that he has
made the “bittersweet decision” to leave his role, marking the start
of a new phase in his career.
NAGA Chief Commercial Officer Exits
Regarding his departure, Chaney stated: “As I close this
chapter, I’m filled with immense gratitude for the support, camaraderie, and
opportunities that Naga has provided. Looking ahead, I’m thrilled to announce
that I’ll be embarking on a new adventure very soon.”
Chaney joined NAGA Group with a background in financial
services. Before his tenure at NAGA, he served as Head of Sales Development at
INFINOX Global from March 2018 to March 2023. INFINOX Global, based in London,
provides Forex trading services and operates under several global regulatory
bodies.
Prior to INFINOX, Chaney was Head of Sales for Institutional
FX and CFD at Hantec Markets from August 2014 to March 2018. Hantec Markets is
known for its Forex trading services and is regulated by multiple authorities,
including the FCA and ACIS. The company offers various trading solutions and
platforms, including MT4 and Currenex.
Chaney began his career at Oanda Europe, where he was Sales
Manager for FX and CFD from March 2014 to August 2014. During his time at NAGA Group, Chaney worked with a team to
navigate changes and contribute to the company’s growth.
NAGA and CAPEX.com Merger Finalized
Meanwhile, NAGA
and CAPEX.com have secured the necessary regulatory approvals for their
merger, as reported by Finance
Magnates. Announced in December 2023, the deal was approved by NAGA’s
shareholders in April. The merger is set to be completed by August 2024.
The strategic merger aims to leverage the strengths and
market reach of both brokers, with expectations of generating $250 million in
revenue over three years and saving $10 million annually. Currently, the
combined platforms have about 1.5 million users in over 100 countries, with a
goal to reach over 5 million users by 2025/26.
This article was written by Tareq Sikder at www.financemagnates.com.
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