Jean-Raphael Nahas Parts Ways with BUX

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Jean-Raphael Nahas has resigned from the role of Managing Director of the Cyprus CFD operations at BUX, a European neobroker.

"After 1.5 years of incredible experience and growth at Stryk by BUX I've made the decision to embark on a new and exciting challenge," he posted on LinkedIn.

Based on his LinkedIn profile, Nahas has joined Zara FX this month, a multi-asset retail broker, taking on the role of Group Chief Operating Officer.

In addition, it seems that he will focus on building a new consultancy firm, 357 Group, based in Cyprus. The firm offers comprehensive suite of services tailored to licensed and non-licensed Fintech companies globally.

"With a foundation built on over 15 years of experience within the FX & CFD space, we're your strategic partners in navigating the intricate landscape of financial technology," the official website notes.

Between December 2019 and January 2022, Nahas also held the role Chief Operating Officer at Finteractive Ltd. Prior to that, he was CEO/Executive Director at a brokerage firm IMS Markets.

Earlier, his senior positions included Business Development Director at Forex broker FX88, and Head of Business Development at Blackwell Global Investments, a global Forex / CFD broker.