Equiti Global Markets' Cyprus arm has appointed Husam Al Kurdi as Managing Director. Al Kurdi served as SquaredFinancial EU's Chief Executive Officer for more than three years until his promotion to SquaredFinancial Group's Deputy CEO in 2021.

A Seasoned Industry Executive

According to his LinkedIn profile, Al Kurdi worked for a fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startup, Investomy Ltd, that he co-founded in June 2023. His wealth of experience includes various roles at ADSS, MIG Bank, and MIG Investment in Cairo, Egypt.

Last year, Al Kurdi resigned as Deputy CEO of SquaredFinancial to pursue his entrepreneurial endeavors. He joined the company in 2019 after a significant tenure at ADSS, where he held the role of E-Trading Project Manager, Deputy Head of Operations, and later Head of Product Management/ Operation Manager.

Al Kurdi's departure was not the only executive move at SquaredFinancial. Former CEO Youssef Barakat transitioned to a new role within the senior management team of FX and CFDs brokerage, 4T. Additionally, SquaredFinancial welcomed Nour Hammoury as Chief Market Analyst.

Equity Eyes Growth with New Executive Appointment

Meanwhile, Equiti Group entered the digital payment sector last year by acquiring Cloud Invest. By integrating Cloud Invest's transaction management and digital payment solutions, the group aims to diversify its services and tap into new revenue streams.

Iskandar Najjar, Equiti Group's Co-Founder and CEO, emphasized the the importance of the synergy between the two entities in enhancing operational efficiency. Cloud Invest caters to a diverse clientele, including banks, retailers, and micro-finance institutions.

It supports Equiti's expansion in the digital space with its omnichannel payment solutions. Otman Ayoujil, the CEO of Cloud Invest, expressed enthusiasm about the partnership, envisioning a collective journey towards becoming a fintech unicorn. The collaboration happened when the digital payment market is experiencing exponential growth.