FNG Exclusive… FNG has learned that online brokerage and investment firm NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has completed a complete overhaul of its senior management team, with a number of high profile hires of executives with backgrounds at companies that include TRADE.com, Finalto, Oval Money, DraftKings, and Swissquote.

NAGA Group was formed by the 2024 merger of NAGA with CAPEX.com, with CAPEX.com majority shareholder Octavian Patrascu installed as CEO of the combined entity. Mr. Patrascu began an understated but far-reaching overhaul at NAGA, retiring several long-time executives, upgrading the tech stack, tightening internal processes and, most importantly, bringing in new talented people. Less than a year on, many of the changes are only now coming to light.

Specifically, FNG has learned that seven executives have recently joined NAGA in a variety of senior positions at the company, including:

Doina Stefanescu, COO. Doina was until recently VP Delivery, Content & Aggregation at Aristocrat Interactive. She also previously worked at Pariplay, DraftKings, SBTech, and EveryMatrix.

Gergely Bacso, CTO. Gergely was previously CTO of Oval Money (formerly ETX Capital), and has also worked at Swissquote.

Amit Zeevi, Principal Advisor to the CEO (Innovation & Growth). Amit is ex-Group COO & CEO of Tech at Finalto Israel, as well as having served as CEO Finalto Israel.

Jeremy Schlachter, CFO. Jeremy was Finalto Group CFO, and also VP Finance at Playtech.

George Rodger, Chief Strategy Officer (CSO). George was CEO & Group COO at TRADE.com until leaving last year. Note that NAGA recently acquired TRADE.com UK.

Chris Houliotis, Chief Information & Data Officer. Chris was previously CTO of TRADE.com, and is considered a cloud and low-latency specialist.

Andrea Peratiti, Group Head of Compliance. Andrea has 10+ years of AML/MLRO experience across CySEC, FCA, and CONSOB regulated entities, most recently with TRADE.com.

NAGA told FNG that the seven executives cover exactly the pressure points NAGA must scale – core engineering, finance, global ops, strategy, data and regulatory oversight.

Why the overhaul at NAGA?

We understand that Octavian Patrascu, the new CEO of NAGA, has known most of these leaders for a decade or more, either from working together or from competing, including when he worked at Markets.com / Playtech (2010-2015). To scale hard and fast you need the right team and the right mindset, and Octavian has apparently been working on this overhaul from “day one”.

Most of the aforementioned executives were hired in 2025 so they come with new energy into the company. With a refreshed C-Suite and enterprise-grade processes, NAGA hopes to move from a ~€150 million market cap into Europe’s fintech big league and capitalize on what is going on in the markets, especially since they announced their new roadmap on product.