Naga Markets, Exegy, Equiti, and More: Executive Moves of the Week

In the second week of the new year 2025, the number of executive appointments, promotions, and exits significantly surged. Myria Evdokimou joined PLUGIT; Former Saxo Analyst Bernardas Baciulis departed from ADSS; Naga Markets tapped Juan Enrique as Head of Europe and Education; and Exegy appointed Broadridge’s Exec Jim Fiesel as CRO.

Also, Henry Durrant was promoted to CRO at Reactive Markets; TIOmarkets hired Nick Jay as Chief Operating Officer; Equiti onboarded Navin Dsouza as COO for Digital Assets and Gold; and Andreas Andreou will continue to run his prop firm alongside a new role at INGOT Brokers.

Elsewhere, FXAll Founder Phil Weisberg is set to leave OneZero after 5 Years; Praxis Digital Trading named Bea Picciano as Chief Operating Officer; CFTC Chairman to exit in February after seven years; while CMC Markets named a new Head of Asia.

Myria Evdokimou Joined PLUGIT

Myria Evdokimou started a new role as Head of Business Development & Partnerships at PLUGIT. Before joining PLUGIT, Evdokimou held various business development roles. She was an Executive Director at FX CFD Investment Management for over two and a half years, where she focused on customer relationships, strategic planning, and partnerships.

Prior to this, she worked as a Business Development Consultant at CIF Portfolio Management Company for eight months. Her earlier experience includes a brief tenure as Chief Business Development Officer at Exclusive Capital in 2021, where she managed investment strategies and fund distribution.

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Former Saxo Analyst Bernardas Baciulis Departs ADSS

Bernardas Baciulis's time ay ADSS came to an end. This week, he shared that he is now seeking the next opportunity to build innovative projects. Baciulis has been with ADSS since October 2022, serving as the Head of Product for New Initiatives. Prior to his time at ADSS, He worked at Saxo Capital Markets UK for over four years, from June 2018 to September 2022.

As a Business Analyst, he contributed to a range of projects, analyzing data and developing business strategies to improve the company's operations. His experience at Saxo helped solidify his expertise in the financial services sector, particularly in product development and business analysis.

Learn more about Bernardas Baciulis' departure from ADSS.

Naga Markets Taps Juan Enrique as Head of Europe and Education

Naga Markets welcomed Juan Enrique Cadiñanos Moriano as the Head of Europe and Education during what is shaping up to be one of the busiest weeks for executive transitions. Moriano joined the company from a freelance position he held for more than five years in Madrid, Spain.

He is a seasoned industry executive, having previously worked for notable brands in the forex and CFD space. For eight years, he held various roles at Admiral Markets Group based in Madrid, including serving as the Country Manager.

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Exegy Appoints Broadridge’s Exec Jim Fiesel as CRO

Market data and trading technology company Exegy appointed Jim Fiesel as its Chief Revenue Officer. Fiesel has an extensive experience in financial technology, having worked for major brands, including Broadridge.

He joins the firm from Broadridge, where he held the role of Managing Director for the Americas for nearly three years. Fiesel has also served as the Managing Director for the Americas Sales and Managing Director at Finastra and Tradeweb, respectively.

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Henry Durrant Promoted to CRO at Reactive Markets

Henry Durrant started a new position as Chief Revenue Officer (CRO) at Reactive Markets. Previously, he held the role of Head of Business Development at the same company for four years. During his tenure, Durrant reportedly contributed to building the firm’s institutional OTC trading network for Digital Assets and FX.

Before his time at Reactive Markets, Durrant was the AVP at FXSpotStream LLC for one and a half years. In this position, he led the company’s global Liquidity Management efforts and also took on a senior business development role across the EMEA region.

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TIOmarkets Hires Nick Jay as Chief Operating Officer

Nick Jay joined the Cyprus-based forex broker and online trading company TIOmarkets as the Chief Operating Officer and FX Consultant. In a LinkedIn post today (Wednesday), Jay expressed excitement about the new opportunity.

“A new journey awaits for me and I am beyond excited to get back to doing what I can to ensure the company I represent reaches its full potential across its full operation,” he wrote. “Small, consistent steps or ‘little wins’ are what will get you in the right frame of mind and on the right path most of the time.”

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Equiti Appoints Navin Dsouza as COO for Digital Assets and Gold

Equiti Group welcomed Navin Dsouza as the new Chief Operating Officer for Digital Assets and Gold. Dsouza will be taking on the new role based in Dubai, the United Arab Emirates. Prior to this, Dsouza was the Head of Special Projects at Dubai Financial Market.

He also held other roles at DFM, including Senior Vice President for Post-Trade Operations, head of Risk Management, and Vice President for Clearing Settlement and Depository. Dsouza joined ComTech Gold, a company he co-founded to focus on the digitization of gold using Blockchain technology. He has been with the company for nearly three years, serving as CEO and later as Advisor.

Learn more about Equiti's nomination of Navin Dsouza as COO for Digital Assets and Gold.

Andreas Andreou Will Continue to Run His Prop Firm Alongside a New Role at INGOT Brokers

INGOT Brokers onboarded two former BDSwiss executives: Andreas Andreou as Chief Sales Officer and Marios Morfakis as Head of Business Development. According to their LinkedIn profiles, both separated from BDSwiss last September, during a period when many other employees left the broker.

After departing from BDSwiss, Andreou launched a proprietary trading platform where he serves as co-CEO. He confirmed to Finance Magnates that he will maintain his role at the prop trading firm alongside his new responsibilities at INGOT.

Disclose more about INGOT Broker's onboarding of BDSwiss executives.

FXAll Founder Phil Weisberg Leaves OneZero after 5 Years

Phil Weisberg, known for founding FXAll, parted ways with OneZero Financial Systems, where he served as the EVP of Strategic Planning and Partnerships for the past five years. Although he initially joined OneZero in mid-2018 as a Strategic Advisor, he was added to the executive team after a year.

“I’m grateful for the opportunity to have spent five years contributing to the substantial growth of OneZero, a bootstrapped, technology-first company,” Weisberg wrote in a LinkedIn post announcing his departure.

Learn more about Phil Weisberg's departure from OneZero after five years.

Praxis Digital Trading Names Bea Picciano as Chief Operating Officer

Praxis Digital Trading, an FX and CFD firm with offices in London, Hong Kong, and the Cayman Islands, promoted Bea Picciano as the Chief Operating Officer. Picciano has been the company’s Senior Vice President for Operations for more than four years.

According to her LinkedIn profile, the seasoned executive joined Praxis from Empire Radiology Co., where she worked a four-month contract as a Consulting Revamping Engineer. She also previously worked as Assistant Vice President for Platforms Operations at Dynasty Financial Partners, and Corporate Recovery Consultant at CBIZ.

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CFTC Chairman to Exit in February After Seven Years

Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), is stepping down. His tenure leaves behind a trail of high-profile enforcement cases and a growing debate over crypto regulation.

“After more than seven years at the U.S. Commodity Futures Trading Commission, I will be stepping down from my position as Chairman on January 20. My final day at the commission will be Friday, February 7,” Behnam shared.

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CMC Markets Names New Head of Asia

CMC Markets kicked off 2025 with the announcement of several executive appointments at its Singapore hub, although most of the decisions were finalized last year. The brokerage firm has promoted Christopher Forbes to Head of Asia, unifying the role across three brands: CMC Markets, CMC Invest, and CMC Connect (its institutional arm).

“Christopher’s track record speaks volumes about his ability to grow and scale businesses while prioritizing client experience,” said Lord Peter Cruddas, Founder and CEO of CMC Markets. “His leadership in Singapore has been a defining chapter for CMC, and we are excited to see him bring the same vision and energy to the broader Asia region.”

Disclose more about CMC Markets' announcement of several executive appointments at its Singapore hub.