A significant leadership change has occurred within an offshore CFD brokerage as Omar Al-Janabi has been appointed as the new CEO for the region encompassing the Middle East and North Africa. Al-Janabi has a wealth of experience in the online trading industry, having accumulated over ten years of knowledge, specializing in various roles across top firms.
Al-Janabi’s career began in customer support at XM and progressed through key positions at several other reputable trading firms, including Swiss Markets, FXPRIMUS, and Tickmill, ultimately leading to his most recent role as the Global Head of Sales and Business Development at TopFX. His extensive experience, particularly focused on the MENA market, is expected to bring valuable insight and direction as he takes on this new leadership role.
Expressing enthusiasm about his new position, Al-Janabi stated that he is excited to rejoin forces with a long-time associate, marking a return to a partnership that began over a decade ago. His understanding of the regional market and past leadership experiences, including serving as MENA Regional Manager, will aid in the company’s growth and expansion plans.
In line with the recent appointment, the brokerage has been actively pursuing strategic expansion. It recently secured a license in South Africa and is transitioning from offshore operations to more regulated, onshore environments. This move is a part of the broader strategy to enhance its credibility and operational footprint in the competitive trading landscape. Currently, the firm operates under a license from Mauritius and is based in Anguilla, a British Overseas Territory.
As part of its growth strategy, the firm intends to diversify its product offerings, which now include crypto trading services. Additionally, the company is exploring opportunities in the prop trading sector, which has seen an uptick in interest among CFD brokers. This aligns with the growing market demand for innovative trading solutions and investment opportunities.
Looking ahead, the brokerage plans to roll out several new products before the end of the year, indicating a significant expansion of its service offerings. This includes the introduction of a PAMM (Percentage Allocation Management Module) system, which will allow professional traders to manage multiple client accounts efficiently, thereby attracting institutional investors seeking sophisticated trading solutions.
In summary, the newly appointed CEO brings a depth of expertise and experience that is expected to strengthen the firm’s position in the Middle East and North Africa. With recent shifts toward regulatory compliance and an expanded product suite, the brokerage is poised for promising growth in the evolving trading landscape. Increased product offerings and strategic partnerships are all part of a plan aimed at consolidating its presence in a competitive market.