Pawel Cichowski Leaves FxPro to Head Dealing at NAGA

NAGA (XETRA: N4G), a German social trading-focused brokerage, has appointed Pawel Cichowski as the new head of dealing.

According to his Linkedin profile, he joined the brokerage earlier this month and is based in Cyprus.

Though headquartered in Hamburg, Germany, and listed on the Frankfurt Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, NAGA is regulated under Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) and runs its brokerage operations from its Limassol office.

Cichowski is an expert in the foreign exchange industry and has spent over a decade working for multiple brokerages.

Before NAGA, Cichowski was a part of FxPro Group and handled dealing there till his exit in last April. During his seven-and-half years with FxPro, he first joined as an FX Dealer and later was supervising the dealing desk.

Additionally, he served over three years at Meritum Bank as an FX dealer, where he was responsible for executing trades on interbank markets; managing the bank’s currency position; trading FX spot, derivative transactions for HNW, UHNW, and corporate customers; and also developing treasury products.

Going Global

Cichowski joins the brokerage when it is showing impressive performance in the market and planning to expand its international operations outside Europe.

Last month, Finance Magnates reported that NAGA formed local entities in Australia and South Africa and is now seeking regulatory approvals for initiating operations.

Along with that, the broker published its financials for July, showing a total generated revenue of € 2.2 million with a trading volume of little less than €10 billion and has also been seeing healthy growth for the past few months.