{"id":76390,"date":"2024-04-26T09:57:03","date_gmt":"2024-04-26T09:57:03","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=121549"},"modified":"2024-04-26T09:57:03","modified_gmt":"2024-04-26T09:57:03","slug":"deriv-promotes-rakshit-choudhary-from-coo-to-co-ceo","status":"publish","type":"post","link":"https:\/\/dailysouthafrica.com\/deriv-promotes-rakshit-choudhary-from-coo-to-co-ceo\/","title":{"rendered":"Deriv promotes Rakshit Choudhary from COO to co-CEO"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<h5>Rakshit Choudhary promoted to co-CEO<\/h5>\n<\/div>\n<div>\n<div style=\"width: 496px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2a2adfa8-5309-4a67-88cf-69d000020b5a\/en&amp;source=gmail-html&amp;ust=1714212661217000&amp;usg=AOvVaw3mAX5PVJfXAtUuQlEjafOS\"  rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ci3.googleusercontent.com\/meips\/ADKq_Na94KKzdyQ1efQT46phuFUDSXXQNhqB0GpEcd5JCKRRBCi2XnerJDh2-KdgNi2dBBe3X55jxxow2_t7xxq7OIj7jdTXckfZ4pcooZxtcO78lgYnTHpE5SHFTCvW3PPzNfdXHOfmUE9TbaVAG8mQhJ_EBXvy_dRtrzhvQfvdKVaYdtjSz1rFCT1nwQojxQ=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/2a2adfa8-5309-4a67-88cf-69d000020b5a\/medium\/rakshit-choudhary-promoted-to-co-ceo.png\" alt=\"\" width=\"486\" height=\"274\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Deriv promotes Rakshit Choudhary from COO to co-CEO<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul type=\"disc\">\n<li>Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau<\/li>\n<li>Deriv refreshes its leadership model as it gets set to celebrate its 25th anniversary\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ci3.googleusercontent.com\/meips\/ADKq_Nau3WIRsAg6R9xTpblObq2clMPkVrJ7ko6rttFSKT3hhkb_C1T6-8AelQDvj7Aiffi8FFFOMpkzeQQSPK2QtuWdlHK7TBTj7OlIpCKfmdOW41ziG2PR4LXL4xfmLz4xywg8q3vHVVba5a1GqVVnx9_7MNYkHY43Ob2smzs=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/Resource\/Download\/2a2adfa8-5309-4a67-88cf-69d000020b5a\/rakshit-co-ceo.png\" alt=\"Rakshit Choudhary, co-CEO of Deriv\" width=\"600\" height=\"338\" name=\"m__GNW_RichHtml_External_IMG\" \/><\/li>\n<\/ul>\n<p align=\"center\"><em>Rakshit Choudhary, co-CEO of Deriv<\/em><\/p>\n<p align=\"justify\">CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) &#8212; In a significant move for the online trading company, as it approaches its 25th anniversary, Deriv has announced the promotion of Rakshit Choudhary from Chief Operating Officer (COO) to co-Chief Executive Officer (co-CEO). The co-CEO model will capitalise on the different strengths and diverse perspectives of both leaders.<\/p>\n<p align=\"justify\">Choosing the co-model is not just a strategic move for <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DTsRuKBgLriLYtsSbYa0VsvDgRCNddjuOtuaPq8Pd7XKA1xb5j-CinKJ30RPrOUxTPcb1Ja4NKKdH4eYRR6leilU7t9Or00J_FQ5hwh3DEE3Lm2WcRoIF703yUPPsuPu1RBhMN425BBJ5oqK6MIchk9jxwHRaJfw7A_akfDjod0aXyv9s1Jg6FG4JDC_N3CFeOJdbB8NS5oMCv98kNSQLvyNmpwyI9IXPcws5umaWyn4%3D&amp;source=gmail-html&amp;ust=1714212661217000&amp;usg=AOvVaw3lmiGn4nRtco5ed-ZPH0r_\"  rel=\"nofollow noopener noreferrer\"><u>Deriv<\/u><\/a>. It lets the organisation incorporate diverse viewpoints and teamwork into critical decision-making to keep the business agile. This double leadership framework also creates an environment where reciprocal respect and shared accountability are standard practices and balances individual autonomy with a collective vision.<\/p>\n<p align=\"justify\"><strong>Jean-Yves Sireau, Founder and co-CEO of Deriv, said:<\/strong> <em>\u201cRakshit is a great leader with a deep understanding of Deriv\u2019s business, so his move to co-CEO is a natural step forward for us. It is like the synergy you see in pair programming\u2014improved decision-making and better alignment of goals. <\/em><\/p>\n<p align=\"justify\"><em>\u201cDeriv turning 25 is a moment for reflection. Refreshing our leadership model makes us well-positioned to take on the next phase of Deriv\u2019s business, which is focused on expanding globally and engaging more deeply with diverse markets. <\/em><em>This dual leadership approach helps keep Deriv innovative and committed to excellent customer service and strong partnerships.\u201d<\/em><\/p>\n<p align=\"justify\">Choudhary, who holds a Master\u2019s degree from Georgia Institute of Technology, joined Deriv in 2009 as a Quantitative Analyst and then Head of Quantitative Development &amp; Research. His next role at Deriv was Head of Product Development before his promotion to COO in 2018.<\/p>\n<p align=\"justify\"><strong>Rakshit Choudhary shared his thoughts on his new role:<\/strong> <em>\u201cI have been lucky to be part of Deriv\u2019s incredible growth and evolution for the last 14 years, witnessing firsthand its mission to make trading accessible to anyone, anywhere. At the centre of this is a focus on staying innovative, secure, and accessible. I look forward to continuing to grow Deriv\u2019s business globally alongside Jean-Yves, as we take the company into another successful 25 years.\u201d <\/em><\/p>\n<p align=\"justify\">Deriv has also transitioned to a co-CFO model with Jennice Lourdsamy, previously Head of Accounts and Payments taking a double leadership role as co-CFO alongside Louise Wolf, the current CFO. The co-leadership mindset does not end at the C-level. It is practised across Deriv at all levels, in line with the company\u2019s values of integrity, competence, customer focus, and teamwork.<\/p>\n<p align=\"justify\">Deriv remains committed to its <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3Dbi9N1D4rwPxkeeXhE5P7E2KA6W91bbYm6jE5pafY4oimQaAJMlvjl3YtQar_GjnhLaNI2YAjKLhtQfp1gXV4uu3YifMOwlyzvBdyVxGvks864kk9RKF4ycCRHL0icHXx35WTEZWvJqtKCAutpc0GKhkn0FQzSGKuQ3vwkWdsL-gBWnExJvUEduTGYt9I8JNXVgaZUu5ZbOJADI1nrlRzVtF_UhHzXiddnz-5MLLRhAg%3D&amp;source=gmail-html&amp;ust=1714212661217000&amp;usg=AOvVaw0IRuUF-Blm00-i0o8istUy\"  rel=\"nofollow noopener noreferrer\"><u>principles<\/u><\/a> of leadership excellence, marked by clear vision, result-oriented approaches, continuous learning, and a bias for action. These principles are embedded in daily operations and are critical to achieving Deriv\u2019s mission of making advanced trading solutions accessible worldwide.<\/p>\n<p align=\"center\"><strong>About Deriv<\/strong><\/p>\n<p align=\"justify\">For 25 years, Deriv has been committed to making online trading accessible to anyone, anywhere. Trusted by over 2.5 million traders worldwide, the company offers an expansive range of trade types and boasts over 200 assets across popular markets on its award-winning, intuitive trading platforms. With a workforce of more than 1,400 people globally, Deriv has cultivated an environment that celebrates achievements, encourages professional growth, and fosters talent development, which is reflected in its Platinum accreditation by Investors in People.<\/p>\n<p align=\"center\">PRESS CONTACT<br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3D4feyAiFerg59gkQFOOe7fCXlMd6t2JJdnX8OgVNrtYQvV3eCKuKcm9uez08pLQhxCz_K-oGQIA3FqQOwXCcU3A%3D%3D&amp;source=gmail-html&amp;ust=1714212661217000&amp;usg=AOvVaw3XnsP7eBEh6fQVk8aJJSXc\"  rel=\"nofollow noopener noreferrer\">pr@deriv.com<\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3D7AKTUT6vJ7TNEFfsf39CPKN4_XTdsI13dv5LyuCtlO2g_-nk4uC3paOgDuMiQd5B5SZL_sEsQcg1cAWDVOIfjuXJdpyRgo96WQW8y3TrH1FycZvz4IWA0XRdZnkzZqnmtMdl75aieW588xh5xXkdJ47QzdaGCMQHPKXN1DlE7u241iWooVH-R_PcKLHxMXQJS0aiXpc6btoheBR-Rn_2pNtmo8yOsy8YcWGi_oP6Zbg6hdsi6FXD_YpxUCTeAtOKH6rTPHvsPz9BhLLn8yfPHA%3D%3D&amp;source=gmail-html&amp;ust=1714212661217000&amp;usg=AOvVaw269vbgAbfNonx0wRYwKxz3\"  rel=\"nofollow noopener noreferrer\">https:\/\/www.globenewswire.com\/<wbr \/>NewsRoom\/AttachmentNg\/<wbr \/>2a2adfa8-5309-4a67-88cf-<wbr \/>69d000020b5a<\/a><img decoding=\"async\" src=\"https:\/\/ci3.googleusercontent.com\/meips\/ADKq_Nasqs6cwg9KENT7aQ_JYnyP9_nelOjeNPrzC-7ptNAroJV5wDts6Ltc7Y0876O-CuZeTcN2ThWkC7_ql8bWJ7bLCPscq91fXh0cKmzYLlrQqTpabL5Y-xnsK3E-DDWKQsFnfk5cTq4CXfh5HiFmIsV_0VNVzwha_Xxoyx2Tfn-B8Yj3ICVUtDlC_16ZF6nsOkg=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/YTM2MTI4YzMtMTc1Mi00Y2U1LThkNjgtMjk2MDJkZDk1NGEwLTEyOTc5MTk=\/tiny\/Deriv-Services-Ltd.png\" \/><\/p>\n<p align=\"center\">GlobeNewswire Distribution ID 9106564<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rakshit Choudhary promoted to co-CEO Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau Deriv refreshes its leadership model as it gets set to celebrate its 25th anniversary Rakshit Choudhary, co-CEO of Deriv CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) \u2014 In a significant move for the online trading company, as it [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Deriv promotes Rakshit Choudhary from COO to co-CEO - Daily South Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailysouthafrica.com\/deriv-promotes-rakshit-choudhary-from-coo-to-co-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deriv promotes Rakshit Choudhary from COO to co-CEO - Daily South Africa\" \/>\n<meta property=\"og:description\" content=\"Rakshit Choudhary promoted to co-CEO Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau Deriv refreshes its leadership model as it gets set to celebrate its 25th anniversary Rakshit Choudhary, co-CEO of Deriv CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) \u2014 In a significant move for the online trading company, as it [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailysouthafrica.com\/deriv-promotes-rakshit-choudhary-from-coo-to-co-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily South Africa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-26T09:57:03+00:00\" \/>\n<meta property=\"og:image\" 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