Zara FX appoints BUX alum Jean-Raphael Nahas as COO
Multi-asset retail broker Zara FX has appointed Jean-Raphael Nahas as its Chief Operating Officer (COO), according to information made public on his Linkedin profile.
Zara FX is a relatively lesser-known broker, but it operates across many jurisdictions including Mwali, Mauritius, Saint Vincent and the Grenadines, Dubai and Cyprus.
Nahas ends a two-year stint at BUX Europe Ltd (formerly Hua Ren Cyprus Financial Limited) where he joined the firm as its managing director back in February 2022. Six months later, he was promoted to take on an expanded role as managing director of its derivatives trading business, Stryk. the latter’s users are focused on trading in leveraged products at a more frequent and flexible pace, with access to inbuilt social channels in the app.
Nahas has nearly 12 years of experience in the capital markets. He landed 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.
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.