BUX Europe lures Jean-Raphael Nahas to join Cyprus operations
BUX Europe Ltd (formerly Hua Ren Cyprus Financial Limited) has appointed Jean-Raphael Nahas as its managing director.
Nahas has nearly ten years of experience in the capital markets. He lands at the subsidiary of Amsterdam-based Fintech coming from Finteractive Ltd, which operates the retail FX brand FXVC. There, he spent more than two years as the Cyprus-based broker’s Chief Operating Officer (COO).
Prior to FXVC, Nahas was the chief executive officer of IMS Markets. He was promoted to the CEO role in 2019 after having originally joined the Cypriot regulated firm back in July 2018 as Executive Director.
Nahas held roles in business development at China-focused retail forex broker FX88. Galactus Ltd, the parent company of FX88, is a multinational corporation headquartered in Cyprus, providing global investors with access to financial services, technology, and Liquidity .
Nahas joined the company in 2017 as its parent was expanding to begin a more Europe-oriented business and obviously, attract more customers – one of few ‘Asia-focused’ brokers to do so.
Comemnting on his new role as Managing Director of Cyprus CFD operations, Jean-Raphael Nahas said: “BUX is a well-established and respected brand in Europe. Its vision and ambition are driven by a multi-cultural and highly talented team. BUX X is a unique in-house built mobile app, that is one of the most innovative trading apps in the world due to the unique combination of social and financial trading enhanced with gamification features. BUX continues to differentiate itself within the CFD space, and with its strong growth plans, I look forward to working with the talented team and bringing BUX X to the next level.”
A long term with Blackwell
Earlier in his career, Nahas worked as Head of Business Development at Blackwell Global Investments, where he was responsible for research and development of the company’s global operations and leading its strategies for go-to-market, products, and services.
During his five-year tenure with Blackwell Global, the company acquired an asset management license from the Hong Kong Securities and Futures Commission (SFC). The license permits the company to offer a wider range of asset allocation investment options, including stocks, fixed income, and mutual funds.
Nahas also helped Blackwell Global in its expansionary efforts. In 2017, the company acquired New Zealand-based liquidity and financial services provider NZF Group Limited (NZF). Moreover, in an effort to offer service in additional markets, the company opened a subsidiary in Cambodia.