Exclusive: Ben Bilski leaves NAGA Group
Ben Bilski effectively ran NAGA from its founding in 2015 until last summer, when he was replaced as CEO by Michael Milonas.
Ben Bilski effectively ran NAGA from its founding in 2015 until last summer, when he was replaced as CEO by Michael Milonas.
Client trading volume at NAGA totaled €143 billion for 2023 (FY22: €137 billion), or about USD $13 billion monthly.
Managing Partner of Capex.com operator Key Way Group, Octavian Patrascu, will be Chairman of the Board of The NAGA Group AG.
Shares of publicly traded Retail FX and CFDs broker NAGA Group AG (ETR:N4G) dropped by 15% on Monday, falling to […]
NAGA Group – which had been making big bets on crypto – wrote off €15.3 million related to its NAGA Coin (NGC) in 2022.
NAGA Group’s nine-month marketing spend was reduced from €26 million in 2022 to just €4 million this year.
NAGA co-Executive Director Michael Milonas will become Group CEO, while Benjamin Bilski is moving to focus on technology as CIO.
The move comes as NAGA seems to have turned a corner following a loss-making 2022.
NAGA saw $13.5 billion in monthly trading volumes in Q1-2023, basically identical to the $13.6 billion it averaged in 2022.
Copy trading represents 55% of overall trades whilst 2023 customer deposits care up by 50% as compared to 2022.