amana Replaces Demised CFO with Former Group CFO of FxPro

Thursday, 14/12/2023 | 06:40 GMT by Arnab Shome
  • Mazen Yazbeck, who served as Amana's CFO for over 11 years, passed away unexpectedly.
  • Haris Loucaides, as the new CFO, will focus on scaling the broker.
amana capital

amana (previously Amana Capital), a multi-asset broker brand with an extensive presence in the Middle East and North Africa region, has appointed Haris Loucaides in the role of Chief Financial Officer.

Big Shoes to Fill

Loucaides succeeds Mazen Yazbeck, who held the CFO role for over 11 years, after his unexpected demise. Apart from the CFO role, Yazbeck headed the broker's human resource department. He joined amana in 2012 after spending over a decade with GCC investment banks and audit firms.

As the CFO, Loucaides will be responsible for implementing tools and mechanisms within the broker's finance team, enabling it to grow further. He will explore the integration of technology and optimize team dynamics for enhanced performance.

"Haris combines six years of financial consulting experience in senior advisory roles with executive roles, specifically in the financial services sector across Europe," Muhammad Rasoul, the CEO at amana, said. "Haris will play a pivotal role in transforming our financial strategies and driving excellence in our operations."

An Insider of the CFDs Industry

Haris Loucaides, CFO at amana
Haris Loucaides, CFO at amana

Loucaides is joining amana from FXPro, another forex and CFDs broker, where he was the Group CFO for the past five years. He started his professional career in 2009 at PwC Cyprus as an Assistant Manager and spent six years advising on IPOs and conducting statutory audits of companies offering CFDs and other investment products.

In between his role at PwC Cyprus and FxPro, he spent more than three years at Interorient Shipmanagement as the Head of Management Vessels. He is a London School of Economics graduate and a member of the Institute of Chartered Accountants of England and Wales.

"Finance is a dynamic field that underpins the success of any enterprise," said Loucaides. "I am perfectly aligned with amana's transparency principle; I am honored to be part of amana's journey and look forward to contributing to the growth and innovation of the company."

Recently, London-based IG Group named Breon Corcoran, a former executive of online betting platforms, as the incoming Group CEO. He is the permanent replacement of June Felix, who stepped down earlier this year due to health issues.

amana (previously Amana Capital), a multi-asset broker brand with an extensive presence in the Middle East and North Africa region, has appointed Haris Loucaides in the role of Chief Financial Officer.

Big Shoes to Fill

Loucaides succeeds Mazen Yazbeck, who held the CFO role for over 11 years, after his unexpected demise. Apart from the CFO role, Yazbeck headed the broker's human resource department. He joined amana in 2012 after spending over a decade with GCC investment banks and audit firms.

As the CFO, Loucaides will be responsible for implementing tools and mechanisms within the broker's finance team, enabling it to grow further. He will explore the integration of technology and optimize team dynamics for enhanced performance.

"Haris combines six years of financial consulting experience in senior advisory roles with executive roles, specifically in the financial services sector across Europe," Muhammad Rasoul, the CEO at amana, said. "Haris will play a pivotal role in transforming our financial strategies and driving excellence in our operations."

An Insider of the CFDs Industry

Haris Loucaides, CFO at amana
Haris Loucaides, CFO at amana

Loucaides is joining amana from FXPro, another forex and CFDs broker, where he was the Group CFO for the past five years. He started his professional career in 2009 at PwC Cyprus as an Assistant Manager and spent six years advising on IPOs and conducting statutory audits of companies offering CFDs and other investment products.

In between his role at PwC Cyprus and FxPro, he spent more than three years at Interorient Shipmanagement as the Head of Management Vessels. He is a London School of Economics graduate and a member of the Institute of Chartered Accountants of England and Wales.

"Finance is a dynamic field that underpins the success of any enterprise," said Loucaides. "I am perfectly aligned with amana's transparency principle; I am honored to be part of amana's journey and look forward to contributing to the growth and innovation of the company."

Recently, London-based IG Group named Breon Corcoran, a former executive of online betting platforms, as the incoming Group CEO. He is the permanent replacement of June Felix, who stepped down earlier this year due to health issues.

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6631 Articles
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