Exness parts ways with MENA regional manager Mohamad Ibrahim

abdelaziz Fathi

Exness has a key vacancy to fill after Mohamad Ibrahim, its regional manager for the MENA region, announced that he would be parting ways with the broker.

Ibrahim will remain with Exness for the next few weeks to ensure a smooth transition before his next venture.

Mohamad originally joined Exness back in October 2019 and has served for the past three years within its MENA unit based in Dubai. During his tenure, the broker has seen its Middle East presence swell, as well as strong performance of key trading metrics.

Prior to Exness, Ibrahim spent more than four years at the advertising agency The Stage. He also worked as a director at ICM.com between 2017 and 2019. Other stops within the foreign exchange industry include different stints at Ikon Multibank Financial Group as head of global sales and business development, preceded by a four-year tenure as Business Development Manager at FXCM.

“After three incredible years full of great achievements, the time has come for me to move on to the next chapter in my career and part ways with Exness. Under my leadership, Exness has grown from being a new brand in the Middle East and North Africa, to now being a market leader with a strong local presence and rising brand awareness in the region and across the globe,” Mohamad shared on his LinkedIn profile.

He continued: “Starting with one employee, Exness MENA team has now grown to become 40+ of the most talented people in the industry. Starting with a few hundred clients we now count much more than thousands of active clients. In addition to this, a handful of partners has turned into hundreds, not to mention the enormous growth in trading volume.”

Earlier in April, Exness  appointed Alfonso Cardalda, who has a colorful career across the gaming industry, as its newest Chief Marketing Officer. He brings to the CMO role 11 years of B2C marketing experience, most recently serving in an analogues position at PokerStars Casino. Alfonso spent there 12 years and was instrumental in leading the igaming entity’s operations until he left.

Exness also made headlines last week after it was granted an FX brokerage license in Kenya. The company joins a handful of non-dealing online foreign exchange brokers that were licensed by the Capital Markets Authority (CMA) over the last two years.

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