Finvasia, which acquired ZuluTrade last December, announced on Monday the appointment of Tajinder Virk as the copy-trading platform’s new interim Chief Executive Officer, effective immediately.
He replaced ZuluTrade’s previous CEO, George Illias. Virk’s appointment is temporary as ZuluTrade is now looking for someone to take over the apex role in a permanent capacity.
Virk is the Co-Founder of Finvasia and also heads the financial services holding company as its CEO. Additionally, he is an Executive Director at Fxview and ActTrader Technologies. He is further sitting on the Board of Australia-based Capital Wallet as a Non-Executive Director.
Further, he had a strong working background in working at some of the major Wall Street giants.
“Tajinder has been instrumental in building upon Finvaisa’s success and has an impressive track record in delivering growth for our group companies,” said Sarvjeet Singh Virk, the Co-Founder and CMD at Finvasia.
“We have seen Tajinder in action first hand and have the utmost confidence that his deep financial experience and leadership skills will drive results and accelerate ZuluTrade’s business in this interim role.”
Expansion Drive
ZuluTrade was founded in 2007 and has become one of the largest copy-trading platforms. Finvasia acquired the platform last December, along with brokerage platform AAAFx, but did not reveal the terms of the deal.
Under the new ownership, ZuluTrade is now eying expansion in terms of supported products. In addition, it is seeking regulatory licenses in multiple strategic jurisdictions.
Tajinder Virk will oversee all these expansion efforts until a permanent replacement is found.
“We see ZuluTrade as the largest Social Wealth Management platform that will bring more asset classes and industry participants together under a single platform,” the interim CEO said.
“ZuluTrade 2.0 will maintain its legacy of being broker-neutral, so it has no conflict of interest with its investors. We will be offering a variety of asset classes, encouraging more investors, leaders and brokers to join the platform whilst creating a conducive environment for them to grow their wealth.”
