BUX Europe Ltd (formerly Hua Ren Cyprus Financial Limited) has promoted Jean-Raphael Nahas to take on an expanded role as managing director of its derivatives trading business, Stryk.
Earlier in March, BUX rebranded its derivatives trading app from BUX X to Stryk to reflect the enhancement of the platform focused on leveraged trading with CFDs on indices, stocks, gold, and forex.
Stryk users are focused on trading in leveraged products at a more frequent and flexible pace, with access to inbuilt social channels in the app. BUX Zero users, on the other hand, are looking to build wealth over the mid to long term, investing in a wide array of asset classes such as stocks, ETFs, and crypto.
Nahas has more than ten 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.
A long term with Blackwell
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.