Dr. Gaafar Saleh Joins Equiti As Head of Growth

Finance Magnates learned on Thursday that Dr. Gaafar Saleh has been appointed global head of growth at Equiti Group. The new executive will be working from the Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term's office in Dubai.

In a statement to Finance Magnates, an Equiti spokesperson said that Dr. Gaafar had been brought in to the newly created role to look for fresh growth opportunities.

More specifically, he will contribute to the oversight of eFX and 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 initiatives in the company, with the goal of generating additional revenues and creating synergies across Equiti Group.

“Dr. Saleh’s technical expertise and industry knowledge will continue to help expand Equiti’s global reach into exciting new and value-enhancing business opportunities,” said Equiti Group CEO Iskandar Najjar.

eFX-perienced

Unlike many executives in the retail trading industry, Dr. Saleh has not spent his career hopping from CFD provider to CFD provider.

He joins Equiti Group from Credit Agricole's London office, where he was head of eFX algorithmic trading. The new Equiti executive was also responsible for the global roll-out of the French bank's eFX offering and algorithmic trading tools.

Dr. Saleh began his career at Citigroup, where he worked as a systematic trader, designing and deploying intraday and long term trading strategies. He then held senior eFX posts at UniCredit, as head of automated market making, and with the Royal Bank of Canada as a senior quantitative strategist.

“I am excited to be a part of the Group’s growth plans - regionally and globally," said Dr. Saleh. "I am looking forward to helping Equiti position itself as a leading global player in the sector.”