LiteFinance hires Ahmed Badr as VP of business development

abdelaziz Fathi

Retail forex broker LiteFinance announced that Ahmed Badr has joined the firm as its newest vice president of business development.

Ahmed Badr

A veteran executive, Ahmed Badr has ended a short stint with MultiBank Group where he served as its branch manager in Egypt. Prior to that, he spent seven months as a regional business development manager at easyMarkets in Cyprus.

Other stops within the foreign exchange industry include working as a business development manager for the MENA region at ForexTime (FXTM). There Ahmed was tasked with identifying business opportunities to raise the company’s market share. He also spent nearly two years as a client support manager at ThinkMarkets, according to information made public on his Linkedin profile.

Over the course of his career, which dates back to 2003, additional roles include senior stints at UK-based global broker ICM.com, culminating with the position of its business development manager.

‎LiteFinance had rebranded to its new name back in November 2021. At the time, the broker said the move is the first step in a broader rebranding of their group of companies. At the first stage, they have changed the company’s logo, trademark, and organizational structure.

Founded in 2009, the company is domiciled in Cyprus, regulated by CySEC and provides services to clients from the European Economic Area.

The group of companies also includes LiteFinance Global LLC (formerly LiteForex), registered in St. Vincent & the Grenadines and subject to a more flexible, looser regulatory regime. LiteFinance Global LLC is reputed as an experienced and reliable broker service provider, operating since 2005.

LiteFinance made headlines recently when it expanded its footprint in the Asia-Pacific region with the opening of a new regional representative office in Singapore. The firm believes that this new presence will enhance its offering that includes multi-asset offering and prime solutions. It also improves the eFX trading experience for local partners in Singapore and the APAC region.

The expansion accommodates current client requirements and underpins LiteFinance’s strategy to grow its infrastructure and expands the availability of its product suite in line with local regulations. The products available to attract a client base consisting of FX and CFD traders, proprietary trading houses, and institutional investors that are looking to trade spot FX, precious metals and energies, along with global stock indices.

Read this next

blockdag

BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.

blockdag

Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets

Pump.fun exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform pump.fun, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.

<