Deriv promotes Rakshit Choudhary from COO 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) — 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.

Choosing the co–model is not just a strategic move for Deriv. 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.

Jean–Yves Sireau, Founder and co–CEO of Deriv, said: “Rakshit is a great leader with a deep understanding of Deriv’s business, so his move to co–CEO is a natural step forward for us. It is like the synergy you see in pair programming—improved decision–making and better alignment of goals.

“Deriv turning 25 is a moment for reflection. Refreshing our leadership model makes us well–positioned to take on the next phase of Deriv’s business, which is focused on expanding globally and engaging more deeply with diverse markets. This dual leadership approach helps keep Deriv innovative and committed to excellent customer service and strong partnerships.”

Choudhary, who holds a Master’s degree from Georgia Institute of Technology, joined Deriv in 2009 as a Quantitative Analyst and then Head of Quantitative Development & Research. His next role at Deriv was Head of Product Development before his promotion to COO in 2018.

Rakshit Choudhary shared his thoughts on his new role: “I have been lucky to be part of Deriv’s 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’s business globally alongside Jean–Yves, as we take the company into another successful 25 years.”

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’s values of integrity, competence, customer focus, and teamwork.

Deriv remains committed to its principles 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’s mission of making advanced trading solutions accessible worldwide.

About Deriv

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.

PRESS CONTACT
pr@deriv.com

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Deriv Achieves Prestigious Platinum Accreditation by Investors In People

  • The accolade puts Deriv in the top 2% of global organisations accredited by Investors In People
  • Deriv ranks 5th in the finance and insurance sector for companies of a similar size

CYBERJAYA, Malaysia, Jan. 26, 2024 (GLOBE NEWSWIRE) — Deriv, one of the world’s largest online trading platforms, has been awarded Investors In People’s prestigious Platinum accreditation recognising its exemplary commitment to its people. This accolade places Deriv among the top 2% of global organisations accredited by Investors in People (IIP), firmly establishing it as a trailblazer for people practices.

IIP ranked Deriv 5th in the finance and insurance sector among companies of similar size and 127th among all accredited organisations. The Platinum accreditation substantiates Deriv’s consistent commitment to building an engaged, high–performing workforce as well as its first–rate organisational culture and people practices.

Seema Hallon, Chief Human Resource Officer at Deriv, expressed her delight over this achievement: “The Platinum IIP Accreditation is not just an accolade. It represents our promise to continue innovating, inspiring, and leading the way in people practices, while upholding the highest standards of excellence and employee empowerment. It also reinforces our absolute commitment to building a supportive workplace that lets employees bring their best game to work so they can thrive and grow with the company.”

Deriv started to use the IIP framework for benchmarking its people practices in 2022, earning Gold accreditation on its first assessment. In 2023, based on its performance against the Make Work Better framework, the company achieved Platinum accreditation.

Paul Devoy, CEO of Investors in People said of Deriv's achievement, “This Platinum accreditation is not just a badge of honour but a testament to Deriv’s unwavering dedication to its core values of integrity, competence, teamwork, and customer focus, and, most importantly, its people.”

Devoy continued, “Deriv can proudly say it is in the top 2% of high–performing organisations worldwide that have been assessed against our rigorous standards for demonstrating sustainable success in empowering and including people. ”

For insights into the work culture and career opportunities at Deriv, visit our careers page.

About Deriv

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 1,300 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.


PRESS CONTACT

Aleksandra Zuzic
aleksandra@deriv.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/31ef8e93–558c–4ea6–ac0d–65e415c52b2d


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Deriv s'engage dans une démarche de RSE axée sur les objectifs

CYBERJAYA, Malaisie, 12 oct. 2023 (GLOBE NEWSWIRE) — Deriv, l'entreprise de trading en ligne de premier plan reprsente dans 20 bureaux dans le monde, renforce son engagement en matire de responsabilit sociale des entreprises (RSE). travers son programme RSE Deriv Life , l'entreprise est dtermine faire une relle diffrence dans la socit et sur l'environnement, anime par son sens collectif de l'objectif.

Dans le cadre de son engagement en faveur de la responsabilit sociale des entreprises (RSE), Deriv a rcemment parrain une prothse pour le plus jeune lphant amput de Malaisie. Seema Hallon, directrice des ressources humaines chez Deriv, a soulign : Notre approche de la RSE va au–del des contributions financires. Elle fait partie intgrante de notre organisation. Nous envisageons Deriv Life comme une plateforme pour dfendre des causes qui cadrent avec nos valeurs et les convictions personnelles de chaque membre de la famille Deriv. Il est question d'agir collectivement, de faire rellement la diffrence.

Au cours de l'anne coule, Deriv a lanc diverses initiatives fort impact, notamment en parrainant une quipe participant au rallye 4L Trophy, ce qui a permis de collecter des fonds et d'offrir des fournitures scolaires de premire ncessit aux enfants dfavoriss du Maroc. Ces initiatives refltent l'engagement inbranlable de Deriv en faveur de la RSE, qui fait partie intgrante de son identit et de sa raison d'tre.

En collaboration avec une entreprise malaisienne de fabrication de prothses, Deriv a conu une patte artificielle ultramoderne pour Ellie, une lphante de 7 ans qui a perdu sa patte l'ge d'un an. Fabrique avec prcision en fibre de carbone durable et dote d'une base robuste en thylne–actate de vinyle (EVA), cette prothse innovante supporte non seulement le poids considrable d'Ellie, mais amliore aussi sa dmarche naturelle de manire significative. Yarham Hadeng, le concepteur de cette prothse, a dclar : Le parrainage de Deriv a rendu possible cette amlioration vitale, et nous sommes fiers de participer au remarquable processus de gurison d'Ellie.

Le personnel dvou de Deriv est activement engag dans l'expansion des efforts de RSE dans les bureaux de l'entreprise dans le monde, en mettant particulirement l'accent sur la satisfaction des besoins locaux et la promotion d'impacts sociaux et environnementaux positifs. L'entreprise reconnat qu'une RSE efficace est un processus continu et volutif, l'image de la trajectoire d'innovation et de croissance de Deriv. Selon Jean–Yves Sireau, PDG de Deriv, la RSE chez Deriv reprsente un engagement long terme en faveur de la responsabilit sociale et de l'amlioration des conditions de vie dans le monde. Notre objectif est de favoriser un changement durable mesure que nous progressons, guids par notre objectif commun.

Pour en savoir plus, visitez Deriv Life et le site Web de l'entreprise.

propos de Deriv

Depuis plus de deux dcennies, Deriv s'engage rendre le trading en ligne accessible tous, n'importe o. L'entreprise offre une large gamme de types de transactions et propose plus de 200 actifs sur des marchs tels que le Forex, les actions et les cryptomonnaies sur ses plateformes de trading intuitives. Avec un effectif de plus de 1 300 personnes rparties dans le monde, Deriv a cultiv un environnement ax qui met l'accent sur le bien–tre des employs, clbre les russites et encourage le dveloppement professionnel.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

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Deriv Embarks on a Purpose-Driven CSR Journey

CYBERJAYA, Malaysia, Oct. 12, 2023 (GLOBE NEWSWIRE) — Deriv, a leading online trading company with a global presence spanning 20 offices, is strengthening its commitment to Corporate Social Responsibility (CSR). Through its CSR programme "Deriv Life', the company is dedicated to making a real difference in society and the environment, driven by its collective sense of purpose.

In its commitment to Corporate Social Responsibility (CSR), Deriv recently sponsored a prosthetic limb for Malaysia's youngest elephant amputee. Seema Hallon, Chief Human Resources Officer at Deriv, emphasised, “Our approach to CSR goes beyond financial contributions. It's woven into who we are as an organisation. We envision Deriv Life as a platform for championing causes that resonate with our values and the personal beliefs of every member of the Deriv family. It's about collective action, making a real difference.”

Over the past year, Deriv has embarked on various impactful initiatives, including sponsoring a team in the 4L Trophy rally, which raised funds and provided essential school supplies to underprivileged children in Morocco. These initiatives reflect Deriv's unwavering commitment to CSR as an integral part of its identity and purpose.

In collaboration with a Malaysian prosthetics firm, Deriv engineered a state–of–the–art artificial leg for Ellie, a 7–year–old elephant who lost her front leg at the age of one. Crafted with precision from durable carbon fibre and featuring a robust ethylene vinyl acetate (EVA) base, this innovative prosthetic not only supports Ellie's considerable weight but also significantly enhances her natural gait. Designer Yarham Hadeng remarked, “Deriv's sponsorship made this vital upgrade possible, and we're proud to be part of Ellie's remarkable journey to recovery.”

Deriv's dedicated workforce is actively engaged in expanding CSR efforts across the company's global offices, with a specific focus on addressing local needs and fostering positive social and environmental impacts. The company recognises that effective CSR is an ongoing and evolving journey, mirroring Deriv's own path of innovation and growth. In the words of Jean–Yves Sireau, Deriv CEO, “CSR at Deriv represents a long–term commitment to social responsibility and global betterment. Our aim is to drive sustainable change as we progress forward, guided by our shared purpose.”

To learn more, visit Deriv Life and the company website.

About Deriv

For over two decades, Deriv has been committed to making online trading accessible to anyone, anywhere. The company offers an expansive range of trade types and boasts over 200 assets across markets like forex, stocks, and cryptocurrencies on its intuitive trading platforms. With a workforce of more than 1,300 people globally, Deriv has cultivated an environment that focuses on employee well–being, celebrates achievements, and encourages professional growth.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a40cd3ce–5dd6–4d26–9d99–b39780c614f8


GLOBENEWSWIRE (Distribution ID 1000843796)