Pepperstone elevates Alexander Kolpokchi to head Dubai subsidiary

abdelaziz Fathi

The Dubai-based entity of Australian FX broker Pepperstone has promoted Alexander Kolpokchi to head its Middle East operations.

Kolpokchi has been in charge of leading Pepperstone’s DFSA entity for more than three months when he was promoted from his former position as Head of Sales to Interim Head of Middle East. He has originally joined the multi-regulated FX broker as Business Development Manager in 2018 and progressed to a senior sales role in March 2021.

“I’m excited to lead the business into the future. I see so much potential for Pepperstone in the Middle East and it’s an honour to take on this role,” said Kolpokchi, who took over from Tarik Chebib as head of Pepperstone Financial Services (DIFC) Limited.

Chebib, who spent the past three years as the broker’s head of Middle East, departed in July to take on the role of chief revenue officer at Currency.com and Capital.com

“Alex’s experience makes him an ideal fit to take our Dubai office to the next stage. Dubai and the Middle East is a key growth region for us and we wish him every success in the role,” added Chief Operating Officer, Rob Bowen.

Back in 2020, Pepperstone secured a license from the Dubai Financial Services Authority (DFSA), a few months after it incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

The team has secured office space for the new operation in Al Fattan Currency House at the DIFC, a federal area that is financially-free, completely separated from the rest of the country and features its own legal system and courts.

Organizing the effort on behalf of the Melbourne-based firm, according to its listed directors with the DIFC, has been a small team headed by Tamas Robert Szabo (Group CEO and business owner), Gordon Bruce Buchanan (Pepperstone CFO) and Tarik Chebib.

The Middle East-focused brand has also lured Chirine Daoud to join its operations and assume the role of Regional Marketing Manager back in 2018. Chirine is a marketing veteran that has spent the bulk of her career, which dates back to 2006, promoting retail FX offerings in the region. Based out of Dubai, she spent different stints in marketing roles with HYCM, Advanced Currency Markets (ACM) and Alpari UK.

This DFSA license allows Pepperstone to provide its range of FX and CFDs products to retail and professional clients not only from the UAE, but also to expand the offering to the other GCC states.

Pepperstone’s other subsidiaries already hold financial licenses from Grmany’s BaFin, the UK FCA and the Australian ASIC, and also has several representative offices in other countries.

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