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, NAGA is regulated under Cyprus Securities and Exchange Commission (CySEC) 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.
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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.
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.