Deriv Appoints Rakshit Choudhary As Chief Executive Officer Following Leadership Restructuring

Deriv, a contracts for differences (CFDs) broker, has named Rakshit Choudhary as its sole Chief Executive Officer following the departure of Jean-Yves Sireau from the leadership team. Previously, Choudhary and Sireau shared the role of co-Chief Executive Officers.

Sireau, who founded Deriv, is stepping down from his executive duties after nearly a quarter-century with the company. He will remain the majority shareholder and focus on guiding the company’s strategic direction and new projects. He has also started a new company centered on health optimisation technologies.

Deriv Strengthens Leadership And Expands Services With New Growth Initiatives

Sireau said that this transition marks a natural and positive step forward for Deriv. He added that Rakshit has played a key role in the company’s development for over 16 years and is well equipped to lead its future growth.

Choudhary has spent most of his professional career at Deriv. He began as a Quantitative Analyst and steadily advanced through roles such as Head of Quantitative Development & Research and Head of Product Development. Before becoming co-Chief Executive Officer last year, he was Chief Operating Officer for five years.

Like many leading brokers, Deriv is expanding its range of services. It introduced Deriv Prime, an institutional division providing liquidity to other market players. Additionally, the company launched a white label offering under the Deriv X brand.

Choudhary said the team is eager to build on this foundation while accelerating growth in key markets, enhancing their technology focus, and improving the overall client experience.

Deriv opened a second office in Cyprus, located in Nicosia, serving as a technology hub where teams specialise in data analytics and software development.

Deriv Aims To Lead Global Markets With Accessible And Innovative Derivative Trading

Deriv is a prominent online broker offering a wide variety of derivative products, including CFDs on forex, stocks, indices, cryptocurrencies, commodities, and synthetic indices. The platform is trusted by millions of users worldwide.

Founded to overcome the limits of traditional brokers, Deriv offers competitive commission rates and easy-to-use platforms designed for traders of all account sizes.

Since its establishment, Deriv has grown to serve more than 2.5 million customers globally while staying committed to its mission of making trading accessible to everyone, everywhere.

Deriv is known for delivering reliable, leading products with the broadest selection of derivatives, competitive pricing, and tight spreads. Its powerful platform supports traders by helping them understand and manage risk effectively.

For over two decades, Deriv has expanded global access to trading opportunities, now driven by advanced technology innovations. Its award-winning platforms operate around the clock, processing millions of transactions daily across multiple asset classes.

With a strong team of more than 1,400 professionals spread across 20 offices in 15 locations, Deriv fosters innovation at all levels—from engineering and product design to marketing and customer support. Staff have access to cutting-edge tools and the freedom to explore new ways of working.