A prominent brokerage in the retail FX and CFDs sector is expanding its leadership team by bringing on board a seasoned executive as the new Managing Director. This executive has recently transitioned from a top role at a well-known financial services group where he was responsible for operations in the Middle East and North Africa (MENA).
The new Managing Director will be based in Dubai and boasts a rich background in the industry, having spent the last two years in a senior position at the Doo Group. Prior to his tenure there, he worked for STARTRADER and MultiBank, building a solid foundation of experience in financial markets.
In a related move, a Sales Director from the Doo Group will also be joining the team. This individual has been associated with the Doo Group in Dubai for the past two years, and previously collaborated with the new Managing Director at STARTRADER. His experience further enhances the brokerage’s sales capabilities as they aim to grow their market presence.
The departure of these individuals comes at a time of significant change for the Doo Group. Recently, there have been reports of significant personnel shifts within the company, sparked by a police raid on one of their call centers in Malaysia as part of a broader initiative against financial fraud. This incident has likely contributed to the reorganization and layoffs within the group, including the marketing department in Cyprus.
The brokerage in question operates licensed subsidiaries worldwide, including in London, Australia, South Africa, and the UAE, under strict regulation from local authorities. In addition to these licensed entities, they have offshore operations in Seychelles and Mauritius. The overarching management of the group is centered in the UK, Cyprus, and Dubai, emphasizing a diverse international structure that aims to cater to various markets.
Amidst these staffing changes and regulatory landscapes, the brokerage seeks to bolster its leadership with proven talent, aiming not only to strengthen existing operations but also to drive growth and innovation in the highly competitive trading environment. By securing experienced professionals who have a track record of success in the field, the firm is positioning itself to respond effectively to the challenges and opportunities that lie ahead.
Overall, this strategic hiring signals the commitment of the brokerage to enhance its capabilities and improve its service offerings amid ongoing industry developments and increasing client expectations. The leadership believes that these additions will significantly contribute to achieving their long-term objectives and securing a solid foothold in the financial markets.