XS.com appoints Exness alumni Mohamad Ibrahim as CEO

XS Group is a multinational fintech and financial services provider with entities authorized in various jurisdictions around the globe.

Mohamad comes over to XS.com from Exness where he served most recently as its regional manager for the MENA region. He originally joined Exness back in October 2019 and 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.

In his new role, he will be based out of Dubai, but will spend time equally across XS.com’s offices and place a strong focus on penetrating new markets.

Sakis Paraskevov, Group COO at XS.com commented on the new hire: “Having Mohamad Ibrahim join our brokerage as our new Group CEO is something myself and our leadership team are very excited about. Mohamad brings with him a great wealth of experience and is seen as an innovator and thought leader within the global financial markets. He is an expert in providing solutions for trading a range of asset classes, has built up financial services companies from the ground up and understands trading systems and the regulatory factors that accompany their framework.”

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at at XS.com said: “I’m excited to have joined the XS brand at a time when they are reinventing themselves to become a globally connected business whilst being a more technologically advanced, and faster moving FinTech firm. I’m delighted to be joining the brokerage at a time when so many exciting changes and new hires are taking place. My role will include spearheading the brokers global expansion strategy as I take on the responsibility for driving the new XS.com vision and leading on some impressive expansion plans.”

Founded in 2020, XS.com was originally founded in Australia before relocating its headquarters to Cyprus. The broker is authorized in Seychelles while its institutional arm, XS Prime Ltd, is regulated by the Australian Securities and Investments Commission (ASIC).