FNG Exclusive… It looks like the senior management team changes at NAGA Group are still taking place.

FNG has learned that leading social trading focused online broker NAGA Group – formed by last summer’s merger of NAGA with CAPEX.com – is parting ways with longtime executive Madalina Rotaru.

Madalina Rotaru, who is based in Bucharest, had been with CAPEX.com since 2017, serving as Group COO. She has also served as CEO of CAPEX.com UAE, helping the company become one of the first retail licensed brokers in the UAE in 2020. Since the NAGA-CAPEX.com merger was announced last year, she has also served as Deputy CEO of the combined company.

Prior to her time at NAGA/CAPEX.com, Madalina Rotaru worked at Trade.com, and at Greece based broker Nuntius Capital.

We had recently reported that NAGA had named former ADSS executive Paul Turner as Senior Executive Officer in its UAE operation. The company also just added ActivTrades alum Alexander Boruvanov as Head of Global Markets.

Madalina Rotaru posted the following note today on social media regarding her departure from NAGA.

After more than a decade, my journey with Capex / NAGA Group has come to an end.

My time as Deputy CEO / Group COO has been filled with challenges, opportunities, and invaluable lessons— a journey that has shaped both my professional and personal growth in the best way over the past 10 years.

As this chapter comes to a close, I look back with gratitude for everything I have learned and for the collaborations, experiences, and milestones that have made this journey so meaningful.

I extend my best wishes to NAGA and its dedicated team, confident in their continued success and growth.

As I move forward, I remain open to meaningful discussions and connections—feel free to reach out via LinkedIn or phone.