This leadership change followed Uldis Tēraudkalns stepping down as CEO on June 1, 2024.
Berrahal joined Nexpay in late 2022 and has held positions such as Chief Business Officer and Member of the Management Board.
Sofian Berrahal, Dukascopy Bank’s former Head of Sales, is the new CEO of Nexpay, a payment infrastructure provider for digital companies. This change in the company’s top leadership followed Uldis Tēraudkalns's departure from his role as CEO on June 1.
Nexpay's Leadership Transition
Nexpay mentioned in a LinkedIn post: "We would like
to announce important changes in the management of the company that took place
on June 1st, 2024: after six years of relentless building, Uldis Tēraudkalns has
decided to step down and pursue other opportunities, while our own Sofian
Berrahal took over the lead from Uldis and became the new CEO of Nexpay."
Berrahal has been at the helm of Nexpay since late
2022. He has extensive experience in the banking sector and has been with the company for close to three years, rising through the ranks from Chief Business Officer to member of the Management Board and now Chief Executive
Officer.
Sofian Berrahal, Source: LinkedIn
Speaking about the new changes, Tēraudkalns mentioned: "Sofian has been a key management team member since joining Nexpay
at the end of 2022 and is very well equipped for this role using his experience
accumulated during his managerial tenure at Nexpay as well as from his prior
career in banking. I would like to thank our team, clients, partners,
shareholders, regulators and all other stakeholders that helped me along the
way and wish Nexpay to reach new highs in the next chapter."
Experienced Executive
Prior to joining Nexpay, Berrahal was the Chief
Executive Officer of Nexdesk. At Dukascopy, he held several roles, including
the Head of Asia Business Development, Research Monitoring Brokerage Officer,
and Account Manager.
Meanwhile, Dukascopy recently integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and seeks to enable clients to access better trading services. With this offering, the Swiss online trading platform aims to boost user trading experience with analytical tools, technical indicators, and a range of trading activities.
In April, the company released its financial results, highlighting a net profit of CHF 1.3 million. According to the company, the positive financial performance was accomplished despite unfavorable changes in the market environment. The report highlighted that the cost-to-income ratio increased to 89.2% compared to 71.3% the previous year.
Sofian Berrahal, Dukascopy Bank’s former Head of Sales, is the new CEO of Nexpay, a payment infrastructure provider for digital companies. This change in the company’s top leadership followed Uldis Tēraudkalns's departure from his role as CEO on June 1.
Nexpay's Leadership Transition
Nexpay mentioned in a LinkedIn post: "We would like
to announce important changes in the management of the company that took place
on June 1st, 2024: after six years of relentless building, Uldis Tēraudkalns has
decided to step down and pursue other opportunities, while our own Sofian
Berrahal took over the lead from Uldis and became the new CEO of Nexpay."
Berrahal has been at the helm of Nexpay since late
2022. He has extensive experience in the banking sector and has been with the company for close to three years, rising through the ranks from Chief Business Officer to member of the Management Board and now Chief Executive
Officer.
Sofian Berrahal, Source: LinkedIn
Speaking about the new changes, Tēraudkalns mentioned: "Sofian has been a key management team member since joining Nexpay
at the end of 2022 and is very well equipped for this role using his experience
accumulated during his managerial tenure at Nexpay as well as from his prior
career in banking. I would like to thank our team, clients, partners,
shareholders, regulators and all other stakeholders that helped me along the
way and wish Nexpay to reach new highs in the next chapter."
Experienced Executive
Prior to joining Nexpay, Berrahal was the Chief
Executive Officer of Nexdesk. At Dukascopy, he held several roles, including
the Head of Asia Business Development, Research Monitoring Brokerage Officer,
and Account Manager.
Meanwhile, Dukascopy recently integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and seeks to enable clients to access better trading services. With this offering, the Swiss online trading platform aims to boost user trading experience with analytical tools, technical indicators, and a range of trading activities.
In April, the company released its financial results, highlighting a net profit of CHF 1.3 million. According to the company, the positive financial performance was accomplished despite unfavorable changes in the market environment. The report highlighted that the cost-to-income ratio increased to 89.2% compared to 71.3% the previous year.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
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