Deriv promotes Rakshit Choudhary from COO to co-CEO

Rakshit Choudhary promoted to co-CEO

Deriv promotes Rakshit Choudhary from COO to co-CEO

  • Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau
  • Deriv refreshes its leadership model as it gets set to celebrate its 25th anniversary

    Rakshit Choudhary, co-CEO of Deriv

Rakshit Choudhary, co-CEO of Deriv

CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) — In a significant move for the online trading company, as it approaches its 25th anniversary, Deriv has announced the promotion of Rakshit Choudhary from Chief Operating Officer (COO) to co-Chief Executive Officer (co-CEO). The co-CEO model will capitalise on the different strengths and diverse perspectives of both leaders.

Choosing the co-model is not just a strategic move for Deriv. It lets the organisation incorporate diverse viewpoints and teamwork into critical decision-making to keep the business agile. This double leadership framework also creates an environment where reciprocal respect and shared accountability are standard practices and balances individual autonomy with a collective vision.

Jean-Yves Sireau, Founder and co-CEO of Deriv, said: “Rakshit is a great leader with a deep understanding of Deriv’s business, so his move to co-CEO is a natural step forward for us. It is like the synergy you see in pair programming—improved decision-making and better alignment of goals.

“Deriv turning 25 is a moment for reflection. Refreshing our leadership model makes us well-positioned to take on the next phase of Deriv’s business, which is focused on expanding globally and engaging more deeply with diverse markets. This dual leadership approach helps keep Deriv innovative and committed to excellent customer service and strong partnerships.”

Choudhary, who holds a Master’s degree from Georgia Institute of Technology, joined Deriv in 2009 as a Quantitative Analyst and then Head of Quantitative Development & Research. His next role at Deriv was Head of Product Development before his promotion to COO in 2018.

Rakshit Choudhary shared his thoughts on his new role: “I have been lucky to be part of Deriv’s incredible growth and evolution for the last 14 years, witnessing firsthand its mission to make trading accessible to anyone, anywhere. At the centre of this is a focus on staying innovative, secure, and accessible. I look forward to continuing to grow Deriv’s business globally alongside Jean-Yves, as we take the company into another successful 25 years.”

Deriv has also transitioned to a co-CFO model with Jennice Lourdsamy, previously Head of Accounts and Payments taking a double leadership role as co-CFO alongside Louise Wolf, the current CFO. The co-leadership mindset does not end at the C-level. It is practised across Deriv at all levels, in line with the company’s values of integrity, competence, customer focus, and teamwork.

Deriv remains committed to its principles of leadership excellence, marked by clear vision, result-oriented approaches, continuous learning, and a bias for action. These principles are embedded in daily operations and are critical to achieving Deriv’s mission of making advanced trading solutions accessible worldwide.

About Deriv

For 25 years, Deriv has been committed to making online trading accessible to anyone, anywhere. Trusted by over 2.5 million traders worldwide, the company offers an expansive range of trade types and boasts over 200 assets across popular markets on its award-winning, intuitive trading platforms. With a workforce of more than 1,400 people globally, Deriv has cultivated an environment that celebrates achievements, encourages professional growth, and fosters talent development, which is reflected in its Platinum accreditation by Investors in People.

PRESS CONTACT
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Bahria University Health Sciences to Hold 10th Convocation

Karachi, Bahria University Health Sciences Karachi Campus (BUHSCK) is set to celebrate its 10th Convocation on 25th May 2024, marking a significant milestone for the institution and its graduates.

According to Bahria University, this momentous event will honor the academic achievements of its students. The university has announced the last date to register for the convocation as 15th May 2024, encouraging all eligible graduates to ensure their participation. Details regarding the convocation, including registration contacts, have been made available for graduates to begin their preparations for the ceremony.

The convocation is an esteemed event that symbolizes the culmination of hard work and dedication for students and represents an important tradition within the university’s academic calendar. Bahria University invites its graduates to join the celebration of this educational milestone.

Bahria University Seeks Manager for Innovation Centre

Islamabad, Bahria University has announced an opening for the position of Manager at the Bahria Innovation Centre (BIC), requiring candidates with a substantial background in relevant fields and experience in research and development management.

According to Bahria University, the new Manager will be a pivotal figure at the university, liaising with the Directorate of Research, Innovation, and Commercialization (RIC) and handling administrative responsibilities under the university’s head. The role involves implementing university policies at the constituent unit level, managing key performance indicators, facilitating research proposal submissions, and organizing research and development activities.

The candidate is expected to have at least 18 years of education in the relevant domain and preferably five years of related experience. Responsibilities will include compiling data for strategic targets, ensuring policy compliance, and aiding faculty with R and D policy queries. The Manager will also be responsible for reporting on research project progress, coordinating workshops, and representing the RIC in various university committees and research groups.

UET Mardan Hosts Seminar on Cloud Computing with AWS

Mardan, The Department of Computer Software Engineering at the University of Engineering and Technology (UET), Mardan, organized a one-day seminar on April 25th, 2024, focusing on “Cloud Computing with AWS.” The event, led by Engr. Syed Waqas Ali, provided students with a comprehensive overview of Amazon Web Services (AWS) and its various applications in the field of cloud computing.

According to University of Engineering and Technology – Mardan, Engr. Syed Waqas Ali covered several key topics during the seminar, including the creation of a free tier AWS account, EC2 services, machine learning services, and databases. The seminar offered a balanced mix of theoretical concepts and practical applications, allowing students to engage actively and expand their understanding of AWS services.

Students showed a keen interest in the seminar, participating in discussions and asking questions to deepen their knowledge of cloud computing. The event aimed to equip attendees with the skills and insights needed to navigate the rapidly evolving landscape of cloud-based technologies.

At the end of the seminar, Prof. Dr. Ibrar Ali Shah, Chairman of the Department of Computer Software Engineering, presented a certificate to Engr. Syed Waqas Ali, acknowledging his contributions to the seminar and expressing gratitude for his expertise in cloud computing.

The seminar’s success highlighted the Department’s commitment to providing students with opportunities to explore emerging technologies and gain valuable knowledge in the field of computer software engineering.

University of the Punjab’s Centre for South Asian Studies to Host Webinar on Regional Security and Connectivity

Lahore, The Centre for South Asian Studies (CSAS) at the University of the Punjab is set to host a webinar on “Regional Security and Connectivity” on April 27, 2024, at 03:00 p.m. This event, co-hosted by the Centre for Pakistan and International Relations, Islamabad, aims to explore the critical aspects of security and connectivity within the South Asian region.

According to University of the Punjab, the webinar will bring together experts and scholars to discuss the evolving dynamics of regional security and the significance of connectivity in promoting stability and cooperation among South Asian nations. The session is expected to address contemporary security challenges and examine the role of regional connectivity in fostering economic and social integration.

The Centre for South Asian Studies focuses on research and discussions related to South Asian geopolitics, economics, and culture, providing a platform for intellectual engagement on issues that impact the region. This webinar serves as an opportunity for stakeholders to delve into critical topics and share insights that can contribute to a more secure and interconnected South Asia.

Interested participants are encouraged to join the webinar to gain a deeper understanding of the regional security landscape and explore the potential for enhanced connectivity within the South Asian context.

University of Sindh to Hold Seminar on Protection Against Workplace Harassment for Women

Jamshoro, An awareness seminar titled “Protection against Harassment of Women at the Workplace” will be held at the University of Sindh on April 29, organized by the university’s Anti-Harassment Cell. The seminar will focus on educating students and staff about anti-harassment laws and providing information on related issues.

According to University of Sindh, the seminar will feature speeches from female officers of the Federal Ombudsman Secretariat, including the Regional Head of the Ombudsman Secretariat, Sindh Sabiqa Shah, Assistant Registrar Ufifa Samu, and Assistant Law Officer Alia Sheikh. The Vice Chancellor, Prof. (Meritorious) Dr. Muhammad Siddique Kalhoro, will deliver the welcome address.

The seminar is scheduled to start at 11 a.m. at the Institute of Biochemistry. It will address the issue of harassment against women in the workplace, offering guidance on existing laws and resources to protect against such behavior. The event aims to raise awareness and promote a safer environment for women in academic and professional settings.

The seminar will conclude with a question-and-answer session, providing attendees with an opportunity to engage with the speakers and seek further clarification on anti-harassment policies. Following the session, commemorative shields will be distributed.

The University of Sindh’s initiative demonstrates a commitment to fostering a safe and respectful workplace for women and aligns with broader efforts to address workplace harassment across Pakistan.