FNG has learned that more executive moves are afoot at Retail FX and CFDs broker NAGA Group (ETR:N4G), ahead of NAGA’s pending acquisition by rival Capex.com.

The latest NAGA executive to leave is Sam Chaney, NAGA’s Chief Commercial Officer (CCO). Sam Chaney joined NAGA Group last year, after serving as Head of Sales Development for INFINOX for the previous five years. He had also previously worked at Hantec Markets, OANDA, and GFT.

Other executives to leave NAGA, as (mainly) Capex.com people are being brought in to run the combined company under new CEO and Capex.com controlling shareholder Octavian Patrascu, include former NAGA CEO Ben Bilski.

Sam Chaney posted the following note today on social media regarding his departure from NAGA.

A New Chapter…

I’ve made the bittersweet decision to step down from my role as Chief Commercial Officer at Naga.

This decision marks the beginning of an exciting new chapter in my career.

During my time at Naga I’ve had the privilege of working alongside an exceptional team, navigating significant changes, and contributing to the company’s growth.

The experiences I’ve gained and the relationships I’ve built have been truly invaluable.

It’s rewarding to leave knowing that the company is well-positioned for continued success.

The team should be proud of the resilience and adaptability they have shown during Naga’s merger with Capex.

As I close this chapter, I’m filled with immense gratitude for the support, camaraderie, and opportunities that Naga has provided.

Looking ahead, I’m thrilled to announce that I’ll be embarking on a new adventure very soon.

While I can’t share all the details just yet, I’m eager to take on this next challenge and continue pushing the boundaries in our dynamic industry.

I look forward to sharing more with you all in the near future.

To my Naga colleagues, partners, and clients: thank you for being part of this journey.

Here’s to new beginnings and the endless possibilities that lie ahead!