NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, has appointed Matthew Kent as director of its institutional sales.
Matthew is a seasoned financial services industry professional with over 18 years’ experience cutting across FX, asset management, banking and consultancy. He has strong networks with UK financial institutions, corporate clients, and peers in the sector.
Before joining NAGA, Kent spent more than two years building a successful institutional business at CySEC-regulated firm Eurotrader Group. He was instrumental in launching Eurocapital, a foray into multi-asset liquidity provision intended for servicing institutional and professional clients. The brand provides wholesale clients with Prime of Prime liquidity and facilitation services which is supported by an expanded sales coverage network within Eurotrader Group.
Matthew also spent five years as sales and relationship management director at INFINOX Capital. Based in London, he held analogous roles at City Index, a subsidiary of GAIN Capital, and CMC Markets, which took his career between 2007 and 2009.
Matthew has stepped into his new role at NAGA with immediate effect, according to information made public on his LinkedIn profile. He will help solidify the company’s operations in the wholesale foreign exchange market, bringing two decades of expertise in the FX space to the role. The business targets mid-sized hedge funds and family offices with a dedicated institutional offering that the company expects to yield a lucrative market opportunity.
NAGA has been operating under entities regulated by different financial supervisory authorities, including Germany’s Federal Financial Supervisory Authority (BaFin) and the Seychelles regulator. In addition, the company is focused on expanding its regulatory map, having recently secured an Estonian crypto license for NAGAX.
Meanwhile, NAGAX revealed that it has partnered with Guide Investimentos, one of the largest digital asset management platforms in Brazil. The collaboration aims to launch a joint venture to offer a cryptocurrency trading platform in Brazil using NAGAX’s capabilities for cryptocurrency spot and staking.
Earlier in July, NAGA appointed FX industry veteran Stelios Eleftheriou , who has a colorful career across the gaming industry, to head its cryptocurrency platform NAGAX and neo-banking app NAGA Pay.