Financial and Business News

Deriv Appoints Prakash Bhudia as Chief Growth Officer

Thursday, 18/12/2025 | 13:52 GMT by Jared Kirui
  • Bhudia has nearly 20 years of trading and risk management experience from major financial centers such as Tokyo, New York, and London.
  • Deriv’s Founder stepped down as the top executive, leaving Rakshit Choudhary as the company’s sole CEO.
Prakash Bhudia

Deriv has appointed Prakash Bhudia as Chief Growth Officer as the company continues to strengthen its leadership and growth strategy following a year of structural and regulatory milestones.

The appointment marks the latest in a series of developments that include new licenses, an AI-first shift, and the consolidation of executive leadership under CEO Rakshit Choudhary.

Deriv’s Expansion into New Markets

Bhudia joined Deriv in 2022 as Head of Dealing and later served as Head of Trading and Growth. He has nearly two decades of experience in trading and risk management , having worked in financial hubs including Tokyo, New York, and London.

In his new position, Bhudia will oversee the company’s unified growth strategy. His responsibilities include developing new market segments, expanding product offerings, and implementing partnerships to support Deriv’s AI-first model in 2026.

The appointment is expected to Deriv’s focus on scaling its international presence and integrating technology into its growth framework. With over three million clients worldwide, the company aims to build on its regulatory and operational developments from the past year.

Other Recent Leadership Changes at Deriv

In May, Deriv appointed Rakshit Choudhary as its sole Chief Executive Officer following the departure of Founder Jean-Yves Sireau from the executive team. Choudhary had previously shared the top leadership role with Sireau, serving as co-CEOs until this recent transition.

Sireau, who founded Deriv nearly 25 years ago, stepped away from day-to-day operations but remained the company’s majority shareholder. He reportedly continues to provide strategic guidance and support future initiatives while focusing on a new venture dedicated to AI-driven health optimization.

Around the same time, Loukas Priovolos joined Deriv as Financial Reporting Manager after spending eight years at Tickmill, where he held the role of Group Financial Controller.

Priovolos began his career at Tickmill in April 2017 as an Accounting Supervisor and advanced through four promotions to become Group Financial Controller in January 2021, a position he held until April 2025. This year, Deriv secured regulatory approvals in the UAE and the Cayman Islands, expanding its operational reach into new jurisdictions.

Deriv has appointed Prakash Bhudia as Chief Growth Officer as the company continues to strengthen its leadership and growth strategy following a year of structural and regulatory milestones.

The appointment marks the latest in a series of developments that include new licenses, an AI-first shift, and the consolidation of executive leadership under CEO Rakshit Choudhary.

Deriv’s Expansion into New Markets

Bhudia joined Deriv in 2022 as Head of Dealing and later served as Head of Trading and Growth. He has nearly two decades of experience in trading and risk management , having worked in financial hubs including Tokyo, New York, and London.

In his new position, Bhudia will oversee the company’s unified growth strategy. His responsibilities include developing new market segments, expanding product offerings, and implementing partnerships to support Deriv’s AI-first model in 2026.

The appointment is expected to Deriv’s focus on scaling its international presence and integrating technology into its growth framework. With over three million clients worldwide, the company aims to build on its regulatory and operational developments from the past year.

Other Recent Leadership Changes at Deriv

In May, Deriv appointed Rakshit Choudhary as its sole Chief Executive Officer following the departure of Founder Jean-Yves Sireau from the executive team. Choudhary had previously shared the top leadership role with Sireau, serving as co-CEOs until this recent transition.

Sireau, who founded Deriv nearly 25 years ago, stepped away from day-to-day operations but remained the company’s majority shareholder. He reportedly continues to provide strategic guidance and support future initiatives while focusing on a new venture dedicated to AI-driven health optimization.

Around the same time, Loukas Priovolos joined Deriv as Financial Reporting Manager after spending eight years at Tickmill, where he held the role of Group Financial Controller.

Priovolos began his career at Tickmill in April 2017 as an Accounting Supervisor and advanced through four promotions to become Group Financial Controller in January 2021, a position he held until April 2025. This year, Deriv secured regulatory approvals in the UAE and the Cayman Islands, expanding its operational reach into new jurisdictions.

Topics
Deriv
About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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