This week, Deriv announced a key leadership change, as Rakshit Choudhary takes the helm as CEO. This change in leadership ushers in renewed strategic direction, with the company doubling down on its AI-first approach to reshaping the trading landscape. 

Having been at Deriv for 16 years—and most recently serving as co-CEO—Rakshit is well-positioned to drive the company forward. His tenure as Chief Operating Officer saw him playing a key role in expanding Deriv’s global footprint, amassing a client base of more than three million users and launching innovative products that have helped solidify its reputation as a leader in online trading. 

“It’s a great honour to take on the role of CEO,” said Rakshit Choudhary. “Deriv has consistently pushed the boundaries of innovation in trading. I look forward to building on that legacy — accelerating growth in our core markets, advancing our AI-first strategy, and enhancing the client experience across the board.”

The transition is also a natural step for Deriv, reflecting years of a well-planned succession strategy. Jean-Yves Sireau, who founded Deriv in 1999 and steered the company for 25 years, will now assume the role of strategic Founder, while shifting his energy towards his new venture, n1. healthcare—an AI-driven health optimisation company. 

“This handover represents a natural and exciting evolution for Deriv. Rakshit has been an integral part of the company’s growth for over 16 years and is ideally placed to lead it into its next chapter.”  said Jean-Yves. “As Founder, I remain committed to preserving Deriv’s values and mission, while dedicating more time to my next venture — n1.healthcare, an AI-driven health optimisation company. I am confident that under Rakshit’s leadership, Deriv will reach even greater heights.”

The transition comes as Deriv accelerates its adoption of artificial intelligence. Earlier this year, Deriv committed to an AI-first strategy, directing significant investments into advanced technologies and top talent to enhance its platform. Rakshit’s leadership is expected to further push boundaries in AI integration, enabling a more personalised, efficient, and dynamic trading experience for Deriv’s global clientele.. 

As Deriv enters this new phase with Rakshit at the helm and Jean-Yves continuing to steer its long-term vision, Deriv is poised to drive AI innovation while upholding its mission to make trading accessible to anyone, anywhere, anytime.

About Deriv

For over 25 years, Deriv has been dedicated to making online trading accessible to anyone, anywhere. Trusted by more than 3 million traders worldwide, Deriv offers an extensive range of trade types across over 300 assets on award-winning, user-friendly platforms. With a global team of over 1,400 professionals, Deriv fosters a culture of innovation, growth, and excellence — a commitment recognised through its Platinum accreditation by Investors in People.