CFI Monetary Group, a foreign exchange and contracts for variations (CFDs) dealer with the Center East as its stronghold, has shuffled its prime administration: it appointed Ziad Melhem as the brand new Group Chief Government Officer, whereas the 2 co-founders, Hisham Mansour and Eduardo Fakhoury, stepped down as Managing Administrators to grow to be Chairman and Vice Chairman, respectively.
One other distinguished change was the promotion of Stelios Thrasyvoulou to Chief Product and Expertise Officer from his earlier place as Chief Expertise and Info Officer. He’ll proceed to guide the corporate’s product and expertise choices.
New CEO Takes Over to Speed up Progress
Melhem’s appointment to the highest function additionally got here with an inner promotion. He joined the dealer late final yr as its Group Chief Advertising and marketing Officer and continued in that function till the current promotion. He has been related to CFI since 2022 as a Board Advisor, based on his LinkedIn profile.
CFI detailed that Melhem, as CEO, will lead the corporate’s day-to-day operations. His focus can be on accelerating progress, increasing shopper worth, and pushing the dealer’s international footprint.
“We’re coming into a dynamic new chapter for CFI, and I stay up for working with our proficient groups to drive innovation, progress, and excellence throughout all markets we serve,” mentioned Melhem.
Certainly, he took over as CEO about three months after the dealer launched its prime brokerage providers. It additionally continues to increase its presence within the area and opened an workplace in Baku earlier this yr.
The dealer’s rising dominance can also be mirrored within the 92 per cent leap within the variety of energetic merchants on its platform within the first quarter of 2025. The quarterly buying and selling quantity on the platform reached $1.28 trillion, a 3.5 per cent enhance from the earlier quarter and a 129 per cent enhance year-over-year.
A Regional Professional
Earlier than becoming a member of CFI, Melhem had intensive expertise working with different prime regional brokers. He began his profession at Lebanon-based AM Financials and moved to Amana Capital on the finish of 2013 because the CMO and later because the Chief Enterprise Growth Officer. He spent eight years of his profession at Amana.
Following his tenure at Amana, he and Ahmad Khatib launched Dubai-based Mafhoom Applied sciences, an organization that gives private finance administration instruments for Arabic-speaking customers. Khatib additionally joined CFI final yr, alongside Melhem, because the Chief Enterprise Growth Officer.
Though there was a change within the roles of the 2 CFI co-founders, they’ll proceed to information the dealer’s strategic course, help its long-term imaginative and prescient, and strengthen its company governance.
“Eduardo and I stay totally engaged in shaping the Group’s strategic course from our roles on the Board, and in supporting Ziad as he takes the helm as Group CEO,” mentioned Mansour. “Now we have full confidence in his management and within the broader administration staff to guide CFI into its subsequent chapter of success and ship distinctive worth to our shoppers worldwide.”
This text was written by Arnab Shome at www.financemagnates.com.
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