Gabriel Peñailillo joins German broker NAGA to lead LATAM business

abdelaziz Fathi

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, is making a broader push into newer markets, culminating in a new hire in Latin America (LATAM). The former executive at Libertex, Gabriel Peñailillo, has been installed as NAGA’s newest head of LATAM business.

Gabriel Peñailillo joins German broker NAGA to lead LATAM business

Gabriel stepped into his new role with immediate effect, according to information made public on his LinkedIn profile. He will help solidify NAGA’s operations in the LATAM region as well, bringing several years of expertise in the FX space to the role.

Gabriel is also responsible for managing the business development of FX, CFDs, crypto, and FinTech products in the region to bring the company’s custom brokerage services to the targeted segments. He brings to NAGA nearly a decade of experience from operational and sales roles in de Santiago.

Peñailillo parted ways with Libertex in May 2022 as he launched a copy trading platform under the brand name ‘Compass Trading Solutions.’ He ended a two year tenure with Libertex where he served most recently as the company’s country head in Chile, a country in western South America. Gabriel landed this role in 2021, barely 4 months after he joined the firm as Partnership Manager, according to information made public on his LinkedIn profile.

In his capacity, he helped solidify Libertex operations in the LATAM (Latin America) region as well, bringing several years of expertise in the FX space to the role. Gabriel was also tasked with driving the growth of the Chile business alongside other South American countries and in alignment with the firm’s regional strategy.

Gabriel started his own career in 2013 when he assumed his first role in the FX arena as a sales manager at Admiral Markets Group. There he spent the bulk of his career with the multi-regulated FX and CFDs brokerage firm.

During this 4-year stint, he worked his way up through several roles with the firm, culminating with the position of director of Latin American operations. He also spent a short stint as an international sales manager for the LATAM region at ThinkMarkets.

NAGA has recently made a series of new additions to its top management team, hiring new executives for key leadership positions, with Michael Milonas taking on the role of Group CEO (Chief Strategy Officer). Benjamin Bilski, the company’s previous CEO, will now shift his focus to technology as the Chief Information Officer (CIO). Additionally, NAGA has appointed Sam Chaney as the Chief Commercial Officer (CCO), responsible for driving global growth in emerging markets.

Read this next

Retail FX

Cerus Markets launches MT5 with exclusive Crypto vs TradFi offering

“The introduction of MT5 is a significant milestone for Cerus Markets and our valued clients. We are constantly seeking ways to enrich our platform and empower our traders with more advanced tools and opportunities. MT5 aligns perfectly with our mission to bridge the gap between cryptocurrency and traditional financial markets.”

Fintech

Ouinex taps Netdania to build institutional-grade crypto trading platform

Ouinex intends to always bring the best of TradFi electronic trading infrastructure to Web3 including innovative universal cross-margining capabilities so that users can trade TradeFi instruments by using their crypto holdings as margin.

Retail FX

BDSwiss Elevates Traders’ Experience with Advanced Trading Tools

In the fast-paced world of financial markets, having access to advanced trading tools and educational resources is crucial for traders aiming to stay ahead of the curve.

Market News

Gold & Silver rally, made in China

Gold prices correlate with the US bond market, and the US Dollar influences the Gold/Silver ratio. Chinese market premiums for Gold and Silver suggest continued uptrends. Inflation-adjusted peaks indicate current prices are not overly expensive, implying potential for further gains.

Market News

Japan’s Monetary Policy and FX Intervention: Key Takeaways from the G20 Meeting

At the G20, BoJ President Kanda and Finance Minister Suzuki emphasized stable exchange rates and cautious FX intervention, signaling imminent action. Softer US inflation data and potential BoJ rate hikes are impacting USD/JPY

blockdag

Top 3 Cryptos of 2024: BlockDAG’s $1 Prediction, Immutable’s Remarkable Price Increase, and Solana’s Promising Future

Explore pivotal changes in the cryptocurrency market through our analysis of Solana, Immutable, and BlockDAG. Explore how BlockDAG raised $34.7M in its presale with advanced technologies.

Fintech

UK bank Kroo bans crypto transactions, warns account closure

London-based digital bank Kroo has imposed a ban on cryptocurrency transactions, another blow for crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Web3

MoonPay onboards Gucci, Puma, and Mastercard to Web3 Tools

Blockchain payments infrastructure firm MoonPay has unveiled a new platform to simplify the Web3 experience for brands and consumers. The platform, dubbed Web3 Tools, helps brands provide a less complex Web3 journey.

blockdag

BlockDAG’s Keynote Video Drives $34.7M in Presales, Gaining Traction Among Solana (SOL) Investors and Litecoin Enthusiasts

Discover BlockDAG’s leadership in cryptocurrency, attracting Solana (SOL) investors and Litecoin enthusiasts with its strong growth prospects and groundbreaking mining technology. 

<