Jacob Nel, CEO, OnePrime by OneRoyal
In the fast-paced world of finance, effective leadership is not merely about crunching numbers. It’s about inspiring teams, making strategic decisions, and navigating the dynamic landscape of markets and regulations. Successful leaders in finance understand that their role goes beyond just analyzing data; They inspire trust, foster innovation, and seamlessly adapt to regulatory currents all while deftly steering through the ebbs and flows of economic waters. These leaders don’t just ride the waves of market fluctuations; they leverage their seasoned experience to capitalize on opportunities and brave uncertainties while propelling their organizations towards sustainable success. Among these astute leaders stands Jacob Nel, the CEO of OnePrime by OneRoyal, an award-winning multi-licensed broker.
Jacob has been deeply involved in the Foreign Exchange industry since the mid-2000s, diving into various roles starting from the Sales department to eventually taking on the role of CEO. His journey with OneRoyal began in 2015, marked by periods of active involvement and a subsequent return in early 2021, coinciding with the birth of OnePrime. As OneRoyal’s institutional arm, OnePrime delivers a range of best-in-class technology that seamlessly connects institutional clients to global FX and CFD liquidity.
Genesis of OnePrime in Response to Industry Needs
It all started when Jacob and his team identified gaps in services and support experienced by emerging brokers and numerous institutional partners. They observed that venturing into the institutional market at an entry level can be an intimidating prospect for start-ups. Often, the initial thresholds set by the market are formidable, making it challenging for emerging brokers and smaller players to secure optimal liquidity conditions with sufficient depth and effective risk management. This insight, derived from years of industry expertise, led to the inception of OnePrime. The objective was clear: to establish a prime brokerage that caters to the unique needs of the growing market and also serves as a liquidity provider, supporting both emerging and established brokerages as well as larger wholesale counterparts. Beyond infrastructure and liquidity, their experience-driven guidance helps new ventures navigate the industry successfully. “Our distinct approach revolves around centralizing our price feeds within a single entity, overseen by ASIC in Australia. This strategic consolidation bolsters our product offering, catering particularly to existing brokers, institutional partners, and start-up brokers,” asserts Jacob.
OneRoyal carries an impressive 15-year legacy that has significantly contributed to its esteemed reputation. OnePrime’s mission is to carve its niche as an independent brand while harnessing the sturdy groundwork laid by OneRoyal. To achieve this goal, Jacob and his team are focused on centralizing its liquidity sources into a single hub, harnessing the credibility of their AFSL (Australian Financial Services License) to foster market confidence.
Success Rooted in Strategy, Values, and Learning
In essence, Jacob’s success is anchored in his ability to think strategically, communicate effectively, analyze data, negotiate adeptly, adapt to changes, nurture relationships, and consistently pursue learning and growth within the dynamic landscape of finance. Jacob firmly believes in the power of strategic thinking and meticulous planning, which empower him to make informed decisions and align efforts towards long-term goals. Alongside this, he underscores the vital role of skilful communication in negotiations, sales, management, and trading, enhancing cooperation and mutual benefit. He also stresses upon assembling a professional team, comprising trusted and valued experts. “These individuals are the ones you can turn to for advice and insights. They not only keep you informed about market trends and regulatory shifts but also offer a wealth of experience and diverse perspectives. Additionally, they often bring well-structured vision to the table, providing a solid foundation for collective decision-making. These strategies and skills, when honed and applied effectively, contribute to success across strategic negotiations, sales, mutual funds, management, and trading within the financial industry,” elucidates Jacob.
Beyond his professional accolades, Jacob’s personal values and principles have been profound guides in both his career and life. Keeping honesty, transparency, and ethical conduct at the core, he strives to foster trust and credibility both in his business and personal interactions. He’s a fervent advocate of continuous learning and enthusiastically embraces new ideas, reflecting his unwavering commitment to expanding his skill set. The resilient entrepreneur views challenges as opportunities for growth. In his own words, “Embracing challenges as learning opportunities and persevering through difficulties have been essential aspects of my journey. The world is constantly changing, and being adaptable to new technologies, trends, and circumstances has allowed me to remain relevant and effective in a dynamic industry.”
Jacob also believes in making a positive impact beyond work. He places a strong emphasis on achieving a harmonious equilibrium between work and personal pursuits by allocating time for family, hobbies and self-care. Jacob values diverse viewpoints and experiences, which have broadened his understanding of the world and facilitated collaborations with people from various backgrounds and cultures. Besides this, contributing to the community and giving back in meaningful ways has been always important to Jacob. These values and principles have profoundly influenced not just his career trajectory but also his decision-making, interactions, and approach to life’s multifaceted challenges and opportunities. They constitute the bedrock upon which Jacob has constructed his success, both professionally and personally.
Envisioning a Future of Continuous Growth and Evolution
Looking forward, Jacob envisions a future marked by perpetual growth and evolution, both personally and in his leadership role at OneRoyal. On a personal front, he aims to refine his leadership skills, expand his knowledge, and maintain a harmonious balance between his professional endeavours and personal well-being. Meanwhile, as the leader of OneRoyal, he anticipates exciting prospects. This includes the seamless integration and expansion of OnePrime in the institutional market, achieved by bolstering offerings, streamlining operations, and solidifying the brand’s reputation as a reliable provider of tailored solutions. Jacob also envisions harnessing emerging technologies to enhance services and provide clients with advanced tools for informed decision-making and operational efficiency.
In terms of OneRoyal’s impact, Jacob aspires to forge stronger partnerships and collaborations within the industry, nurturing existing connections, fostering fresh collaborations, and enriching the broader financial landscape through knowledge dissemination, mentorship, and community engagement. Additionally, the company strives to maintain a steadfast commitment to sustainability and responsible business practices while integrating environmentally and socially conscious initiatives into its operations. “Overall, my anticipation is rooted in a commitment to continuous improvement, adaptability, and a vision of OneRoyal as a dynamic and influential force in the financial industry,” opines Jacob.
Jacob’s Insights for Emerging Entrepreneurs As a CEO dedicated to making a positive impact, Jacob offers invaluable guidance to aspiring entrepreneurs venturing into the financial services industry. First and foremost, he suggests defining a clear mission focused on positive industry change, whether it’s inclusivity, sustainable investing, or innovative customer experiences. Jacob underscores trust as a cornerstone in finance, built upon integrity that not only garners clients’ trust but also sets one apart in a competitive market. He also emphasizes the significance of continuous learning, risk management, and collaborative networking, along with a strong grasp of regulatory environments for sound compliance and building a customer-centric strategy. Acknowledging the rapid technological shifts, he urges aspiring leaders to embrace innovation and data analytics to meet evolving customer needs while building diverse, inclusive teams for innovation and client understanding. Beyond profits, Jacob encourages entrepreneurs to contribute positively to the community whether through educational initiatives, mentorship programs, or socially responsible practices. He acknowledges the inevitable challenges and setbacks on this journey and emphasizes cultivating resilience, adaptability, and unwavering determination in the face of obstacles. “By combining purpose, innovation, ethics, and a customer-centric approach, you can not only thrive in the financial services industry but also contribute meaningfully to its advancement and positive transformation,” concludes Jacob.