Online trading brokerage AvaTrade has onboarded a new CEO, the company has shared with Finance Magnates. David Drazin will be joining the company from NASDAQ traded software provider Amdocs.
The move comes at a time when the industry is getting reshaped by regulatory challenges. Mr Drazin has been at the forefront of the technological development of Amdocs, holding various senior positions throughout his 21 year tenure at the company.
The firm where Mr Drazin comes from has been a software and services provider to over 300 communications, cable, entertainment and media service providers. The company’s operations and clients are all over the globe with offices in Brazil, Canada, Cyprus, India, Ireland, Israel, Mexico, the Philippines, the United Kingdom, and the USA.
Mr Drazin brings with him vast knowledge in management, marketing, sales and mostly technology.
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Commenting to Finance Magnates on his plans he said: “AvaTrade sees technology as an answer to the customer’s needs, and wants to use the newest and most cutting-edge technology out there to improve its business.”
The company’s management has hired Mr Drazin to leverage his experience in international business, his knowledge of customer needs and his technological savvy to take the company to the next level.
Mr Drazin is taking the helm at a difficult time for the industry. The regulatory landscape across Europe is shifting, while the US market could see better times under a president Trump with his promise to repeal the Dodd-Frank act.
Drazin was introduced as acting CEO in June earlier this year, however he began assuming his duties only recently.
“I joined a respected company with a successful history and great management team led by Daire Ferguson, and I see our future together as even better and greater. I have a clear mandate from the board to grow the Company expotentially.“ Mr Drazin elaborated.