AvaTrade Appoints Former NAGA and Finalto Executive Jeremy Schlachter as CFO
AvaTrade has named Jeremy Schlachter as its chief financial officer. He previously served as CFO of NAGA Group and as group CFO at liquidity provider Finalto.
AvaTrade appoints finance executive Jeremy Schlachter as its new chief financial officer, bringing to the role a background that spans online brokerage, liquidity provision and iGaming. He joins after a year as CFO of NAGA Group and follows earlier senior finance roles at Finalto and Playtech. The appointment adds a seasoned finance leader to a broker that has been operating in retail forex and CFD trading since 2006.
For traders, the headline is simple, but the context matters. A chief financial officer shapes how a broker reports its finances, funds its operations and manages risk. This guide explains who Schlachter is, what his background suggests, and what the change means for anyone considering an account.
Who Is Jeremy Schlachter?
Schlachter is a finance executive with a long career in the trading technology and gaming sectors. Before joining AvaTrade, he spent about a year as CFO of NAGA Group. Earlier, he served as group CFO at liquidity and fintech provider Finalto from 2020 to 2023. Finalto was formerly owned by Playtech, where Schlachter spent 12 years, including a period as vice president of finance. He has also served as CFO of iGaming solutions provider Skywind Group.
Career Path Across Trading and Gaming
The career sequence is worth reading closely. When AvaTrade appoints an executive with this mix of roles, the experience reflects sectors where regulated financial activity, high transaction volumes and technology platforms overlap.
The table below summarises the roles mentioned in the announcement.
| Organisation | Role | Period or detail |
|---|---|---|
| AvaTrade | Chief financial officer | Current appointment |
| NAGA Group | CFO | About one year, immediately before AvaTrade |
| Finalto | Group CFO | 2020 to 2023 |
| Playtech | Finance executive, including vice president of finance | 12 years in total |
| Skywind Group | CFO | Role described without dates in the announcement |
The mix of experience is notable. Finalto is a liquidity and fintech provider used by brokers, so a finance chief who has worked on the provider side understands how brokers source liquidity and manage their balance sheets. A background at Playtech and Skywind adds experience from large, regulated, technology-heavy businesses.
When reading a career summary like this, it helps to separate what is confirmed from what is inferred. The announcement lists the organisations and roles, but it does not explain his day-to-day responsibilities at each one. Any detail beyond that should be checked against primary sources.
Why AvaTrade Appoints Jeremy Schlachter as CFO
A CFO oversees financial reporting, capital management, funding and the financial controls that a regulated broker must maintain. For a company with operations spread across several jurisdictions, the role carries significant weight.
When avatrade appoints a chief financial officer, clients rarely see the change directly. The role works mostly behind the scenes, so the practical question is whether the finance function supports stable operations over time.
The announcement does not describe specific strategic plans for Schlachter, so any conclusions about future direction should be treated as speculation until the company provides more detail.
Expansion Signals and What They Suggest
The hire also comes at a time of visible expansion. Our earlier coverage, AvaTrade Appoints Exness Executive Nir Iter as Cyprus Director, described the recent hire of a former Exness executive as Cyprus business unit director.
The company says it is growing its operations in Cyprus. Taken together, the two appointments point to investment in senior management as the business expands.
Growth often prompts a company to add senior staff, and when avatrade appoints people in finance, the goal is usually stronger structure. A finance chief can help set budgets, reporting lines and controls as headcount and activity grow. Clients benefit when those systems are well run.
Where AvaTrade Operates and How It Is Regulated
According to the announcement, AvaTrade operates primarily from Israel and Ireland. The company states that it does not hold a CySEC CIF licence. Its subsidiary, AVA Trade EU Ltd, is regulated by the Central Bank of Ireland and, according to the company, can operate across the European Union.
Regulation is one of the first things traders should check, because the entity you sign up with determines which rules and protections apply to your account. A broker's regulatory set-up does not change when avatrade appoints a new CFO, so the checks below still apply.
When comparing brokers, consider the following points:
- Which legal entity will hold your account, and which regulator supervises that entity.
- Whether the regulator's rules cover the products you plan to trade.
- How client funds are held and what compensation or protection schemes apply, if any.
- Whether the terms in your client agreement match what the marketing materials describe.
Our broker reviews, such as the XM Group review and the RoboForex review, go through these details for other brokers so you can compare them on the same basis.
Contracts for Difference and What Traders Should Understand
Forex and CFD trading are central to AvaTrade's business, according to the company's own description. A contract for difference lets you speculate on price movements without owning the underlying asset. You can read a general overview on Contract for difference (Wikipedia).
Leverage magnifies both gains and losses. Before trading any leveraged product, make sure you know how margin, overnight financing and stop orders work on your chosen platform.
What This Means for Traders
For most existing and prospective clients, a change in the CFO does not change day-to-day trading. Platforms, account types, spreads and execution are determined by operational decisions rather than by one executive, and the announcement does not mention any changes to client terms.
Clients do not need to act simply because AvaTrade appoints a new finance chief, but a review is sensible. The practical value for traders lies in the stability and governance a strong finance function provides over time.
Step-by-Step Checklist for Reviewing AvaTrade
Traders who are reviewing AvaTrade after it appoints a new finance chief may want to take a structured approach before opening or funding an account:
- Confirm the legal entity and regulator that will apply to your account on the sign-up documents.
- Read the client agreement, paying attention to fees, withdrawal conditions and dispute procedures.
- Test the trading platform on a demo account to see how it handles your preferred instruments.
- Check the current costs, including spreads, commissions and financing charges, against your own trading style.
- Only commit funds you can afford to lose, and size positions with a clear risk limit.
Work through the list in order and keep written notes. Comparing your findings across two or three brokers makes differences in terms much easier to spot.
About AvaTrade
AvaTrade was founded in 2006. The company describes itself as a pioneering broker and says it was one of the very first forex trading platforms made available to retail traders. It states that it places emphasis on both quality and choice, with a range of platforms, assets and account types intended to give clients a varied trading experience.
The company also says it regards its regulatory standing as central to the trust it builds with clients. Its leadership history includes earlier senior hires, and each time AvaTrade appoints an executive, the regulatory and governance questions above remain the most useful lens for traders.
Trading CFDs and forex carries a high level of risk, and you can lose money quickly with leveraged products. Make sure you understand how these products work and whether you can afford the risk before you trade.
