The appointment of a new Chief Operating Officer for Digital Assets and Gold has been announced, with the role based in Dubai, United Arab Emirates. The individual, Navin Dsouza, brings an extensive background in blockchain technology to this position.
Before stepping into his current role, Dsouza co-founded a company focused on gold digitization through blockchain technology. In this capacity, he worked as both the CEO and later as an Advisor for nearly three years. His experience aligns closely with the evolving landscape of digital assets, where blockchain serves as a secure and immutable ledger system for recording transactions.
Dsouza expressed enthusiasm for his new role, signaling a fresh start in the New Year. His career prior to this recent appointment included a notable position as the Head of Special Projects at the Dubai Financial Market. He has held various senior roles within the DFM, including Vice President for Clearing and Settlement, Senior Vice President for Post Trade Operations, and Head of Risk Management. His expertise also extends to previous positions at leading financial institutions such as Deutsche Bank and the National Stock Exchange of India.
In addition to Dsouza’s new role, the organization has also seen recent leadership enhancements. In a significant development last year, the executive team expanded with the addition of another key figure, Sophie Squillacioti, who joined as Director of Sales for the Asia-Pacific region. Squillacioti is recognized for her over 20 years of experience within the industry and has previously held high-profile positions, including being the Head of Asia at INFINOX Global and similar roles at the Shanghai offices of BDSwiss. Her extensive background in Asian operations for brokers is expected to be an asset to the company as it continues to grow.
Financial performance for the firm’s UK branch has shown positive results. The entity reported a significant increase in trading revenue and operational profit for 2023. Trading revenue exceeded $31 million, compared to $30.5 million from the previous year, marking a notable growth trajectory. The firm also enjoyed an increase in operational profit, reaching $1.9 million, reflecting an upward trend in its financial health.
Overall, the recent strategic appointments and positive financial indicators underscore a proactive approach towards expanding digital asset offerings and enhancing market presence in Asia-Pacific regions. The combination of experienced leadership and robust financial performance positions the organization well for future growth in a competitive landscape.