A defining leadership milestone that reflects the strength of the founding team and a business already working with more than 300 institutions as it enters its most ambitious chapter yet.

Derivative Path, a leading provider of derivatives technology and risk management solutions for capital markets participants, today announced the promotion of co-founder Zack Nagelberg to President, marking a pivotal step in the company’s next phase of growth. In this role, Nagelberg will lead strategic operations and growth initiatives aimed at expanding Derivative Path’s market presence and advancing its platform capabilities, as the firm scales to meet increasing demand from financial institutions and alternative investment managers.

Derivative Path was founded by a team with a bold vision: to bring transparency, scalability, and modern technology to how capital markets participants manage risk. From the earliest days, Pradeep Bhatia, Zack Nagelberg, John Fleming, and Frank Purnell each brought distinct strengths that together formed the backbone of a company now trusted by more than 300 institutions worldwide. Their collective commitment to innovation, client partnership, and operational excellence has propelled Derivative Path from a startup idea to an industry leader with a clear path to continued growth.

Nagelberg has been instrumental in building Derivative Path from the ground up. He helped establish the company as a trusted partner for financial institutions and alternative investment managers seeking to manage interest rate, FX, and commodity risk with greater transparency and scalability.

In stepping into the President role, Nagelberg will guide enterprise-wide priorities and execution of Derivative Path’s long-term growth strategy. Having helped shape the firm’s client-centric model, his expanded leadership ensures Derivative Path remains ahead of evolving market demands; advancing its technology and advisory capabilities while reinforcing the operational strength that underpins long-term client success.

“Zack has been a true partner in every sense of the word, and each of our co-founders has played an irreplaceable role in making Derivative Path what it is today," said Pradeep Bhatia, CEO and co-founder of Derivative Path. "Zack’s promotion reflects something we've believed since day one, that shared ownership and investing in our people are how we build lasting success. We've developed a core leadership team that will continue to grow and strengthen the company for years to come. Our industry is entering a period of extraordinary transformation, and I've never been more confident in the leadership we have in place to meet the moment. With Zack stepping into the President role, John continuing to drive operational excellence, and Frank leading product innovation, we’re positioned not just to keep pace with the future, but to define it."

"I'm incredibly proud of what our founding team and the entire Derivative Path organization have built together," said Nagelberg. "The opportunity in front of us has never been larger. Capital markets are evolving rapidly, with demand for modern risk infrastructure, increasingly intelligent analytics, and seamless technology accelerating. We are deeply committed to these industry demands, including our focus on AI-led innovation and its implications for the future. I'm energized to take on the President role and to continue building alongside my co-founders, our extraordinary management team, and our board as we enter the most exciting chapter in our company's history."

The promotion is effective immediately.

About Derivative Path

Derivative Path combines advanced technology with financial expertise to serve capital markets participants, including financial institutions and alternative investment managers. Our cloud platform and advisory teams help clients manage interest rate, FX, and commodity risk with greater transparency, control, and efficiency across the trade lifecycle. Trusted by over 300 institutions, including top-tier banks, credit unions, and alternative investment managers, Derivative Path delivers the risk insights and operational rigor required in today's markets.

For more information, visit www.derivativepath.com.

Note to editor: High-resolution executive headshots available upon request.

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