Finvasia names own chief executive Tajinder Virk as interim CEO for ZuluTrade
Finvasia is rapidly expanding globally, having acquired ZuluTrade, Fxview, and ActTrader in 2021.
Finvasia has appointed Tajinder Virk as the interim Chief Executive Officer for ZuluTrade, one of the first social trading platforms ever. The copy trading fintech launched in 2008 was acquired by Finvasia in 2021.
Tajinder Virk, who is also the CEO of Finvasia Group of companies, will replace the previous CEO, effective immediately, and will work closely with the team to deliver on the business expansion plan.
His deep familiarity with all aspects of the business allows him to develop and lead the execution of the group’s strategic vision, assess risks and guide the group’s growth.
Pior to co-founding Finvasia, Tajinder Virk worked with some of the largest investment banks and hedge funds on Wall Street and has managed multibillion-dollar funds for major US banks.
Finvasia has commenced a formal search for a permanent CEO for ZuluTrade who can deliver on the Group’s expectations for future ready products while maintaining its core values and cultures.
ZuluTrade as the “largest Social Wealth Management platform”
Sarvjeet Singh Virk, CMD & Co-founder Finvasia, said: “Tajinder has been instrumental in building upon Finvaisa’s success and has an impressive track record in delivering growth for our group companies. We have seen Tajinder (A.K.A. Natty) in action first hand and have the utmost confidence that his deep financial experience and leadership skills will drive results and accelerate ZuluTrade’s business in this interim role.”
Tajinder Virk, CEO of Finvasia and Zulutrade, commented: “Finvasia is known for its innovative business approach and for its ability to create value for its clients. We see ZuluTrade as the largest Social Wealth Management platform that will bring more asset classes and industry participants together under a single platform.
“ZuluTrade is among the largest and the original social trading platforms that revolutionised copy trading in 2008. ZuluTrade 2.0 will maintain its legacy of being broker neutral, so it has no conflict of interest with its investors. We will be offering a variety of asset classes, encouraging more investors, leaders and brokers to join the platform whilst creating a conducive environment for them to grow their wealth.”
ZuluTrade is headquartered in Greece and for many years has been one of a few social trading platforms available in the market for FX traders looking to use the skills of experts for their benefit.
The platform leverages the powers of the trading community and algorithmic performance ranking to connect traders with investors. According to the social trading giant, ZuluTrade has been responsible for more than USD 2 trillion worth of trades.
Finvasia announced the acquisition of ZuluTrade in December 2021 in a deal that included AAAFx, which holds a portfolio management license from HCMC.
Finvasia Group has been making moves to expand its footprint across the globe, including Europe, North America and Middle-East.
The aim is to build a complete ecosystem that will cater to the needs of retail and institutional investors. The group is now the owner of a dozen brands in the fintech and financial services industry, reaching millions of investors around the world.
Moreover, it has a physical presence in more than 5 countries, serves clients in over 150 countries, and is regulated by over a dozen regulators across the world.
Also in 2021, Finvasia acquired ActTrader, a long-established fintech firm which has built one of the first online retail forex trading applications back in 2000 and pioneered with a WAP-based mobile trading app in 2004.
In addition, Finvasia acquired Fxview, which services clients in over 25 countries and is registered with over 6 different regulatory bodies across Europe.