Meet Riana Chaili: Invast Global’s face in Cyprus as women take the lead

Rick Steves

All eyes were on Dubai as the iFX EXPO took place at the Dubai World Trade Center in late February.

At this year’s Dubai conference, a few days before International Womens’ Day our female industry leaders were invited to share their thoughts and insights. With a long way to go in our male dominated industry, it was important to hear from those on the frontline on topics like gender equality, female leadership and the progress that has been made and where we still have a way to go to improve.

Riana Chaili was one of the panelists. The new Managing Director, Cyprus of Invast Global was invited to headline on the Female Industry Leaders panel with an esteemed line up of her female peers. Chaili explained how the trading industry benefits from diversity, not only in the workplace but also in society. Given women account for half the population and could well account for half a broker’s customer base, that is a lot of potential clients to ignore.

Finance Feeds had the opportunity to speak with Riana Chaili and asked her to elaborate on this key business opportunity.

FF: You headlined on the Female Industry Leaders panel. What is the impact of accessibility and diversity in driving growth?

RC: “Diversity is hugely important in driving growth. A 2019 McKinsey and Company study found a direct correlation between diversity and above average profitability. Workplace diversity specifically helps to increase productivity, creativity, improves performance, staff retention and boosts collaboration throughout the business.

Innovation in teams is significantly boosted with a more inclusive workforce as there is a broader view of the problems your companies’ solutions can solve. Diversity really helps provide insight into the needs and motivations of all of your client or customer base, as opposed to just a small part of it.”

FF: Your achievements in FX dealing operations and risk management are an example for many women looking to enter the FX industry. What insights can you offer them?

RC: “Thank you very much, but I don’t look at myself so much as an example or role model. I believe women just need to have more confidence in their own abilities. Women, myself included, often underestimate ourselves.

There has traditionally been a negative correlation between success and likeability for women so many may feel the need to self-censor. As a result, men may feel more comfortable reaching for new opportunities but the barriers are down and there are now resources to help women build up their financial literacy. Women should feel confident in the skills they bring to the table as they are needed now more than ever.”

FF: Congrats on the appointment as Managing Director of Invast Global in Cyprus. I understand the new operation was launched to better support the European client base. How is it going?

RC: “Thank you. Since launching the office in October 2021 we have grown rapidly to seven full time staff based out of Limassol. With the addition of an office in Europe, our ability to service UK and European clients has grown significantly through expanding our 24-hour support function.”

FF: What does Invast Global have in store for 2022 and beyond?

RC: “Invast global is expanding and we plan to continue on this upward trajectory throughout 2022. Prior to the start of COVID-19 we had a team of 33 employees. Since then, we have doubled in size, moving to a new office space to accommodate the growing team and implementing a hybrid work model.

We are also in the process of launching a number of new products to fill out our already wide offering after much client demand. We’ll keep the details under wraps for now so stay tuned for more news on this front.”

Read this next

Retail FX

Investors from Cyprus and Dubai acquire ‘significant stake’ in M4Markets

Seychelles-regulated brokerage firm M4Markets firm has picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.

Executive Moves

UAE broker Amana elevates Amr Masry to sales director

Amr Masry has been promoted to a new senior role at Amana Capital, becoming the group’s newest Sales Director, following a successful tenure with the UAE-based FX and CFDs broker.

Executive Moves

TopFX promotes Omar Al-Janabi to head of sales and business development

Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.

Retail FX

Plus500 says 2022 revenue to be ‘significantly’ ahead of analysts’ estimates

Israeli-based, but London-stock market listed Plus500 said it expects annual revenue and earnings to be ahead of analysts’ estimates even as trading levels normalised from record volumes in the first quarter.

Digital Assets

Crypto derivatives giant BitMEX launches spot market

Crypto exchange BitMEX is looking to branch out of its singular focus on crypto derivatives with a suite of new product offerings. Although derivatives are to remain at the heart of BitMEX’s business, the popular platform will add spot crypto trading as it aims to aggressively grow their user base.

Uncategorized

PrimeXM reports mixed trading volumes for April

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Digital Assets

DLT Finance approved by BaFin to support brokerage and custody of digital assets

DLT Finance is already partnered with big names within the digital asset space, including Kraken, Bitstamp, B2C2, and Bittrex.

Institutional FX

LUKB taps vestr to launch actively managed products, AMCs

The partnership with vestr goes to show the growing importance of digitising the active investment management space.

Digital Assets

Jewel taps Tokeny to launch stablecoin-as-a-service solution on Polygon

Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier and near real time payments with stablecoins issued and redeemable directly at the bank level at Jewel.

<