Cactus Raazi will head the US business and build relationships across the Americas.
He previously worked at multiple institution-focused crypto platforms.
B2C2, the SBI-owned cryptocurrency market maker, has strengthened its executive team by appointing Cactus Raazi as the Chief Executive Officer of its US unit. He is based in the company’s New Jersey office and will report directly to the Group CEO, Thomas Restout.
Implementing Strategies and Building Relationships
The announcement today (Tuesday) has detailed that Raazi will lead the offering under B2C2 US. Furthermore, he will develop and implement business strategies and build relationships across the US and broader Americas with clients and other stakeholders, including regulators.
“Cactus has an exceptional track record in finance and technology, and he is therefore perfectly placed to develop the US offering to the next stage of our growth,” said Restout, who took over the apex role at B2C2 last January.
Raazi joined B2C2 from Enhanced Digital Group, an institutional-only firm focused on derivatives and structured products, where he was the Head of US Strategy. Before that, he was the Chief Revenue Officer at Kraus Motor Company for two years. He also led the digital asset trading platform Amber Group as the US CEO and Co-Head of Americas and was a Partner at Exos, an automated OTC trading platform.
He entered the financial services industry in mid-1998 with his role at Goldman Sachs, where he spent 13 years and served as the Managing Director. He also had stints at the London offices of Nomura and the New York offices of Tradeweb as the Managing Director.
“As the digital asset sector continues to mature, we see the convergence of the crypto-native and trad-fi worlds, and Cactus’ established commercial and regulatory relationships across both will deliver tremendous benefits to our clients and our firm,” Restout added.
Apart from the US, B2C2 also has a strong presence in Asia-Pacific due to its operations in Japan. It also opened a Singapore office to strengthen its presence in Southeast Asia.
The London-headquartered firm entered the European Union last year by acquiring the French market-making firm Woorton. This allowed B2C2 to operate in the 27-country bloc with Woorton’s PSAN license issued by the AMF. To expand its continental European presence, it obtained a virtual asset service provider registration in Luxembourg.
In the fiscal year that ended in March 2024, B2C2 generated revenue of JPY 57.14 billion, an 88.5 percent yearly jump. It also became profitable, with a pre-tax profit of JPY 8.4 billion. In its annual financial report, SBI Holdings highlighted that the growth of B2C2 was due to the successful implementation of its customer base expansion strategy.
B2C2, the SBI-owned cryptocurrency market maker, has strengthened its executive team by appointing Cactus Raazi as the Chief Executive Officer of its US unit. He is based in the company’s New Jersey office and will report directly to the Group CEO, Thomas Restout.
Implementing Strategies and Building Relationships
The announcement today (Tuesday) has detailed that Raazi will lead the offering under B2C2 US. Furthermore, he will develop and implement business strategies and build relationships across the US and broader Americas with clients and other stakeholders, including regulators.
“Cactus has an exceptional track record in finance and technology, and he is therefore perfectly placed to develop the US offering to the next stage of our growth,” said Restout, who took over the apex role at B2C2 last January.
Raazi joined B2C2 from Enhanced Digital Group, an institutional-only firm focused on derivatives and structured products, where he was the Head of US Strategy. Before that, he was the Chief Revenue Officer at Kraus Motor Company for two years. He also led the digital asset trading platform Amber Group as the US CEO and Co-Head of Americas and was a Partner at Exos, an automated OTC trading platform.
He entered the financial services industry in mid-1998 with his role at Goldman Sachs, where he spent 13 years and served as the Managing Director. He also had stints at the London offices of Nomura and the New York offices of Tradeweb as the Managing Director.
“As the digital asset sector continues to mature, we see the convergence of the crypto-native and trad-fi worlds, and Cactus’ established commercial and regulatory relationships across both will deliver tremendous benefits to our clients and our firm,” Restout added.
Apart from the US, B2C2 also has a strong presence in Asia-Pacific due to its operations in Japan. It also opened a Singapore office to strengthen its presence in Southeast Asia.
The London-headquartered firm entered the European Union last year by acquiring the French market-making firm Woorton. This allowed B2C2 to operate in the 27-country bloc with Woorton’s PSAN license issued by the AMF. To expand its continental European presence, it obtained a virtual asset service provider registration in Luxembourg.
In the fiscal year that ended in March 2024, B2C2 generated revenue of JPY 57.14 billion, an 88.5 percent yearly jump. It also became profitable, with a pre-tax profit of JPY 8.4 billion. In its annual financial report, SBI Holdings highlighted that the growth of B2C2 was due to the successful implementation of its customer base expansion strategy.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Infinox Reappoints Lee Holmes to Executive Management
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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