Deriv has appointed Prakash Bhudia as Chief Growth
Officer as the company continues to strengthen its leadership and growth
strategy following a year of structural and regulatory milestones.
The appointment marks the latest in a series of
developments that include new licenses, an AI-first shift, and the
consolidation of executive leadership under CEO Rakshit Choudhary.
Deriv’s Expansion into New Markets
In 2025, Deriv secured regulatory approvals in the
UAE, Mauritius, and the Cayman Islands, expanding its operational reach into
new jurisdictions.
Bhudia joined Deriv in 2022 as Head of Dealing and
later served as Head of Trading and Growth. He has nearly two decades of
experience in trading and risk management, having worked in financial hubs
including Tokyo, New York, and London.
In his new position, Bhudia will oversee the company’s
unified growth strategy. His responsibilities include developing new market
segments, expanding product offerings, and implementing partnerships to support
Deriv’s AI-first model in 2026.
The appointment reinforces Deriv’s focus on scaling
its international presence and integrating technology into its growth
framework. With over three million clients worldwide, the company entered 2026
positioned to build on its regulatory and operational developments from the
past year.
Other Recent Leadership Changes at Deriv
In May, Deriv appointed Rakshit Choudhary as its sole Chief Executive Officer following the departure of Founder Jean-Yves Sireau
from the executive team. Choudhary had previously shared the top leadership
role with Sireau, serving as co-CEOs until this recent transition.
Sireau, who founded Deriv nearly 25 years ago, stepped
away from day-to-day operations but remained the company’s majority
shareholder. He reportedly continues to provide strategic guidance
and support future initiatives while focusing on a new venture dedicated to
AI-driven health optimization.
Around the same time, Loukas Priovolos joined Deriv as Financial Reporting Manager after spending eight years at Tickmill, where he held
the role of Group Financial Controller.
Priovolos began his career at Tickmill in April 2017
as an Accounting Supervisor and advanced through four promotions to become
Group Financial Controller in January 2021, a position he held until April
2025.
This article was written by Jared Kirui at www.financemagnates.com.
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