Markets.com, a retail forex and contracts for differences (CFDs) broker owned by the Finalto Group, has appointed Dany Mawas as the Chief executive Officer of its South African operations. It came as a part of the broker's strategy to expand its presence in the South African market.

Strengthening African Operations

The brokerage operates in South Africa under an ODP license. Mawas's top priority in the role will be to establish an accessible and fair trading environment for the country's traders. Additionally, he will focus on building long-term relationships with local partners, traders, and talent.

“By combining strategic partnerships and superior client service, we aim to transform the industry; offering unmatched trading conditions and regulatory compliance solutions for all types of clients and brokerages,” Mawas mentioned.

A Strong Career in the Brokerage Industry

When joining Markets.com, Mawas brought about 15 years of experience in the finance industry, especially in investor relations, sales, and management. He joined the new role from RaiseFX, an FX and CFDs broker launched in 2022, where he served as the Chief Commercial Officer for less than a year.

Although he started his career in 2009 and entered the trading industry as a tutor, he joined the French office of FXCM in 2012 as an FX Sales executive. After a couple of years, he was promoted to the Head of Sales in France and then became FXCM’s Managing Director in South Africa for Sales and FSR. He separated from FXCM in December 2020 as the Managing Director of Sales for the UK and Africa.

From FXCM, Mawas moved to Infinox, first as the Regional Director and then promoted to the Head of Retention. He was additionally a local representative for Infinox Capital in South Africa for a year.

“His unrivalled experience, superb knowledge of the market, and strong desire to achieve the best outcomes for clients will help drive our business to new levels,” Matthew Maloney, Finalto Group’s CEO, commented on the new appointment. “Dany brings with him an experienced team and has the full backing of the Markets.com world-class infrastructure and product suite.”