LeapRate Exclusive… LeapRate has learned that global FX brokerage CFI Group has hired Nidal Abdelhadi to its Dubai operation, Credit Financier Invest (DIFC) Limited. Mr. Abdelhadi has joined CFI Dubai as Deputy CEO, Global Head of Business Development.
He started assuming his responsibilities at CFI Dubai as of February 15, 2018.
Nidal Abdelhadi joins CFI from ADS Securities, where he was Head of Institutional Sales. He had joined ADS in 2017 from leading FX technology and platform provider Advanced Markets, where he was a Managing Director who helped establish Advanced Markets in the MENA region.
The move to CFI actually marks a reunion of sorts for Mr. Abdelhadi, who had spent most of his early career in the FX sector with Swiss-based MIG Bank, and then with Swissquote Group Holding SA (SWX:SQN) which acquired MIG Bank in 2013 for $70 million. MIG Bank co-founder and CEO Hisham Mansour is currently the CEO of CFI Dubai, and a Managing Director and a major shareholder in CFI Financial Group Holding Limited.
Back at MIG Bank, Nidal Abdelhadi was Global Head of Institutional Clients and he resumed the work for a while after the bank was acquired by Swissquote Bank and later merged with it.
In a statement, Hisham Mansour said:
I am delighted to announce Nidal’s joining our expanding team at CFI. Working together, we did great things in the past and I am sure we will do the same now. Nidal will hold a key position with us and I am sure his presence will accelerate our growth.
Nidal Abdelhadi added of his new role at CFI Dubai:
I am pleased to have joined a reputable and rapidly growing company. I have worked with Mr. Mansour for the majority of my professional career where we managed to build one of the worlds’ leading online FOREX and CFDs providers while at MIG Bank, and I look forward to our new endeavor together. I have known CFI as well and Mr. Fakhoury for over 10 years now and I am excited to be associated with such revered individuals and be a part of such a dynamic, visionary and expanding group.