Gabriel Peñailillo joins German broker NAGA to lead LATAM business
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 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.