A significant leadership change has occurred at a prominent retail foreign exchange (FX) and contracts for difference (CFD) brokerage. An experienced executive has taken on the role of Chief Executive Officer (CEO) for the company, bringing a wealth of industry knowledge and expertise to the position.
The new CEO previously held the position of Head of MENA Sales at a well-known financial institution from 2020 to 2023. They have substantial experience with nearly two decades in the FX and CFDs sector, completing various roles with leading companies in the industry. Notable previous positions include CEO for MENA at another brokerage, along with tenures at other international firms specializing in similar services.
This brokerage, managed primarily from Dubai, has established a strong focus on clients in the Middle East and North Africa (MENA) region. The company previously operated as an offshore broker located in Mauritius before expanding its operations and acquiring a Cyprus-based, CySEC-licensed firm in 2020. This strategic acquisition allowed it to provide enhanced services and operate under an internationally recognized regulatory framework.
The newly appointed CEO’s extensive background and proven track record in sales and management are expected to drive the company towards new growth and opportunities in the competitive trading landscape. With this change in leadership, the firm aims to strengthen its market position and expand its reach within the burgeoning MENA market, leveraging the CEO’s industry connections and insights to better serve clients and enhance product offerings.
As the brokerage continues to adapt to the evolving demands of traders and investors, this leadership transition is anticipated to usher in innovative strategies and refined operational practices, ensuring sustained growth and a commitment to excellence in service and integrity.