Pawel Cichowski Leaves FxPro to Head Dealing at NAGA

NAGA (XETRA: N4G), a German social trading-focused brokerage, has appointed Pawel Cichowski as the new head of dealing.

According to his Linkedin profile, he joined the brokerage earlier this month and is based in Cyprus.

Though headquartered in Hamburg, Germany, and listed on the Frankfurt Stock Exchange, NAGA is regulated under the Cyprus Securities and Exchange Commission (CySEC) and runs its brokerage operations from its Limassol office.

Cichowski is an expert in the foreign exchange industry and has spent over a decade working for multiple brokerages.

Before NAGA, Cichowski was a part of FxPro Group and handled dealing there till his exit last April. In his seven-and-half years with FxPro, he first joined as an FX Dealer and later was supervising the dealing desk.

He also served over 3 years at Meritum Bank as an FX dealer, where he was responsible for executing trades on interbank markets; managing the bank’s currency position; trading FX spot, derivative transactions for HNW, UHNW, and corporate customers; and also developing treasury products.

Going global

Cichowski joined the brokerage when it is showing impressive performance in the market and planning to expand its international operations outside Europe.

Last month, Finance Magnates reported that NAGA formed local entities in Australia and South Africa and is now seeking regulatory approvals for initiating operations.

Along with that, the broker published its financials for July, showing a total generated revenue of € 2.2 million with a trading volume of little less than €10 billion and is also seeing healthy growth for the past few months.