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- Founder Jean-Yves Sireau transitions to Founder role after 25 years of leadership.
CYBERJAYA, Malaysia, May 21, 2025 /PRNewswire/ -- Deriv, a global leader in online trading, has announced a major leadership transition as Rakshit Choudhary assumes the role of Chief Executive Officer, ushering in a new era of innovation and growth. Jean-Yves Sireau, Founder and former co-CEO, will continue to serve as Founder and majority shareholder, stepping back from daily operations to focus on strategic guidance and future ventures.
From Intern to CEO: Choudhary to lead Deriv's next phase
Choudhary's appointment marks the culmination of a 16-year journey within Deriv, having served as Chief Operating Officer and most recently as co-CEO. Throughout his tenure, he has been instrumental in scaling the company to serve over three million clients globally, launching industry-leading products, and championing the company's mission to make trading simple, fair, and accessible for all.
"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 comes at a pivotal time for Deriv. Earlier this year, the company initiated a bold move to adopt an AI-first model, with significant investments in infrastructure, technology, and talent. This transformation is aimed at driving scalable growth and delivering a more personalised and efficient trading experience to clients worldwide.
Deriv's AI-First strategy signals a bold new chapter
Reflecting on the transition, Jean-Yves Sireau, who founded Deriv in 1999, commented: "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. 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."
Website: www.deriv.com
Photo: https://mma.prnasia.com/media2/2692964/Deriv_Group.jpg?p=medium600
Logo: https://mma.prnasia.com/media2/2692972/5331083/Deriv_Group_Logo.jpg?p=medium600
- Founder Jean-Yves Sireau transitions to Founder role after 25 years of leadership.
CYBERJAYA, Malaysia, May 21, 2025 /PRNewswire/ -- Deriv, a global leader in online trading, has announced a major leadership transition as Rakshit Choudhary assumes the role of Chief Executive Officer, ushering in a new era of innovation and growth. Jean-Yves Sireau, Founder and former co-CEO, will continue to serve as Founder and majority shareholder, stepping back from daily operations to focus on strategic guidance and future ventures.
From Intern to CEO: Choudhary to lead Deriv's next phase
Choudhary's appointment marks the culmination of a 16-year journey within Deriv, having served as Chief Operating Officer and most recently as co-CEO. Throughout his tenure, he has been instrumental in scaling the company to serve over three million clients globally, launching industry-leading products, and championing the company's mission to make trading simple, fair, and accessible for all.
"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 comes at a pivotal time for Deriv. Earlier this year, the company initiated a bold move to adopt an AI-first model, with significant investments in infrastructure, technology, and talent. This transformation is aimed at driving scalable growth and delivering a more personalised and efficient trading experience to clients worldwide.
Deriv's AI-First strategy signals a bold new chapter
Reflecting on the transition, Jean-Yves Sireau, who founded Deriv in 1999, commented: "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. 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."
Website: www.deriv.com
Photo: https://mma.prnasia.com/media2/2692964/Deriv_Group.jpg?p=medium600
Logo: https://mma.prnasia.com/media2/2692972/5331083/Deriv_Group_Logo.jpg?p=medium600
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
New leadership, bold vision: Rakshit Choudhary appointed CEO of Deriv
ALULA, Saudi Arabia, Jan. 16, 2026 /PRNewswire/ -- Today marks the official opening of Desert X AlUla 2026, the landmark fourth edition of the international, open-air biennial exhibition. Arts AlUla, in collaboration with Desert X, welcomes visitors to experience a stellar line-up of Saudi and international multi-generational artists whose site-responsive earthworks, sculptures, and installations will engage in a powerful dialogue with the awe-inspiring landscapes and layered heritage of AlUla.
As a premier destination rich in ancient history and breathtaking nature, AlUla, located in Northwest Saudi Arabia, solidifies its position on the global stage as a dynamic, emerging land art destination with Desert X AlUla, the region's first public art biennale, and a key highlight of the AlUla Arts Festival.
The 2026 edition of Desert X AlUla brings together 11 acclaimed artists whose diverse works reflect a wide spectrum of ideas, materials, and traditions. From monumental kinetic sculpture to sound-based explorations above and below ground, each commission is deeply rooted in relationships to AlUla's distinctive environment, further cementing Desert X AlUla's reputation as a globally significant platform for site-responsive land art.
Desert X AlUla runs until February 28, 2026, as a cornerstone of the annual AlUla Arts Festival. Curated by Wejdan Reda, Zoé Whitley, with artistic direction by Neville Wakefield, and Raneem Farsi, its fourth edition explores 'Space Without Measure.' Inspired by Kahlil Gibran, the theme fosters contemplation of imagination within AlUla's natural settings. The exhibition, set in the desert canyons of AlUla, serves as a pre-opening programme for Wadi AlFann, offering a pivotal glimpse into AlUla's plans to create a permanent land art 'Valley of the Arts.'
Hamad Alhomiedan, Director of Arts & Creative Industries at the Royal Commission for AlUla (RCU), said: "At Desert X AlUla 2026, audiences will engage with art that deeply converses with AlUla's unique landscapes and rich heritage. These compelling commissions highlight AlUla's dynamic transformation into a major global destination, where ancient and contemporary expressions converge. This exhibition is part of our broader revitalisation of AlUla as a culturally rich destination to live, work and visit and integral to positioning AlUla in the global dialogue of contemporary art and as a precursor to monumental projects like Wadi AlFann."
Participating artist/artworks are:
- Sara Abdu, A Kingdom Where No One Dies: Contours of Resonance
- Mohammad Alfaraj, What was the Question Again?
- Mohammed AlSaleem, The Thorn, AlShuruf Unit, The Triangles, Flower Bud, and Al Ahilla (courtesy of Royal Commission for Riyadh City)
- Tarek Atoui, The Water Song
- Bahraini-Danish, Bloom
- Maria Magdalena Campos-Pons, Imole Red
- Agnes Denes, The Living Pyramid
- Ibrahim El-Salahi, Haraza Tree
- Basmah Felemban, Murmur of Pebbles
- Vibha Galhotra, Future Fables
- Héctor Zamora, Tar HyPar
For further information, please contact:
Sabrine.Shaw@bursonglobal.com
AlUlaArtsFestival@bursonglobal.com
Multimedia gallery:
High-resolution photos of all 11 artists and their artworks can be found here.
About AlUla and Arts AlUla
Located 1,100 km from Riyadh, in North-West Saudi Arabia, AlUla is a place of extraordinary natural and human heritage. The vast area, covering 22,561km², includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned.
The most well-known and recognised site in AlUla is Hegra, the principal southern city of the Nabataean Kingdom and Saudi Arabia's first UNESCO World Heritage Site. AlUla is also home to ancient Dadan, the capital of the Dadan and Lihyan Kingdoms and considered to be one of the most developed 1st millennium BCE cities of the Arabian Peninsula, and Jabal Ikmah, an open air library of hundreds of inscriptions and writings in many different languages. AlUla Old Town Village, a labyrinth of more than 900 mudbrick homes was developed from at least the 12th century and has been revitalised as the vibrant hub for visitors and residents.
The creation of Arts AlUla within The Royal Commission for AlUla (RCU) is a commitment to crafting the next chapters in a millennia of artistic creation – celebrating cultural inheritance and shaping a future inspired by artists built be artists. The work of Arts AlUla seeks to preserve this legacy: fuse the old with the new; the local with the international, keeping the arts central to the spirit of AlUla as a place of extraordinary natural and human heritage.
Wadi AlFann, meaning 'Valley of the Arts,' will be a global cultural destination for land art, unveiling from 2028 onwards, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Desert X AlUla 2026: monumental land art exhibition opens in the ancient oasis of AlUla
