ACY Securities Makes Senior Appointments in MENA Region

ACY Securities, a multi-asset broker based in Australia, announced this Friday that it has expanded its senior leadership by appointing Ashraf Sherif as Head of Egypt and Ahmed Fahim as Head of Saudi Arabia.

The new regional appointments are part of the Sydney-headquartered company's Middle East and North Africa (MENA) region growth and expansion plan, according to Alla Darwish, Head of Global Brokerage at the broker.

ACY Securities eyes growth in MENA

Sherif, who is also the Founder and CEO of foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading advisory firm, ForexAraby, joins the broker with more than a decades worth of experience in the global financial markets. During his career, he has specialised in providing FX and CFD resources to clients.

Commenting on his appointment as Head of Egypt, Sherif said in the statement: “Well established ASIC regulated brokers with a solid track record, such as ACY Securities, are highly preferred by Middle Eastern traders, and I am delighted to lead the operation for ACY Securities in Egypt."

The new Head of Saudi Arabia at the FX broker, Fahim, on the other hand, is also a General Manager of ForexAraby in Riyadh. His career in the trading space also spans back a decade, having held roles at GFC Markets, AFX Capital and more, according to his LinkedIn profile. He has been with ForexAraby since 2016, his profile shows.

“ACY Securities delivers a gold standard in client experience, service and support and it is an absolute honour to lead the ACY desk in Saudi Arabia” added Fahim in the statement. “ACY Securities have the best track record for client money security, they have Islamic accounts with full Arabic support, extremely quick execution speed and they provide a true multi-asset offering including global stocks like Apple and Amazon."