Madalina Rotaru, a long-term employee of Capex/NAGA Group, has parted ways with the company. She was the Group Chief Operating Officer of the merged entity and the Deputy Chief Executive Officer of the NAGA Group.
Departure after a Long Tenure
“After more than a decade, my time with Capex/NAGA Group has come to an end,” she wrote in a LinkedIn post.
“My time as Deputy CEO/Group COO has been filled with challenges, opportunities, and invaluable lessons—a period that has shaped both my professional and personal growth in the best way over the past 10 years,” she commented.
Rotaru joined CAPEX.com in January 2017 as a Branch Director and was promoted to the Group COO role in about a year, according to her LinkedIn profile. She also took charge of CAPEX.com’s MENA operations, becoming the CEO of the UAE unit at the start of the COVID-19 pandemic. She became part of NAGA following the business merger of NAGA and CAPEX.com. Along with her Group COO role, she also took over as the Deputy CEO of NAGA in April 2024.
Before her tenure at CAPEX/NAGA, she also had a five-month stint as the Head of Operations at Trade.com.
Merger of Two CFD Businesses
In December 2023, NAGA was acquired by CAPEX.com, another online trading brand with a significant presence in the Middle East. With the reverse merger, CAPEX.com’s CEO invested $9 million in NAGA and became the merged entity’s Group CEO.
Interestingly, Ben Bilski, one of NAGA’s co-founders and the Chief Information Officer, left the company only three months after the merger. As Finance Magnates reported earlier, NAGA cut down 40 per cent of its staff in 2023.
Meanwhile, the Group revenue of the merged NAGA and CAPEX.com totalled EUR 62.3 million in 2024, compared to EUR 77.5 million in the previous year. Group EBITDA amounted to EUR 8.1 million, with a margin of 13%, up from EUR 8.5 million and 11% in 2023.
