Zenfinex Has Recruited Michel Chabbouh as CEO MENA to Head Its UAE operations

Zenfinex has announced that it has recruited Michel Chabbouh as CEO MENA, effective from January 2022.

In a recent press release shared with Finance Magnates, Michel Chabbouh, a veteran senior executive with more than fourteen years of experience in the 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 industry, has been named by Zenifex, a Retail FX and CFDs broker founded by Nick Cooke, as its new CEO of the MENA region.

Chabbouh brings more than fourteen years of experience in 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 and banking. He will head the company’s UAE-based operations as the new CEO of the MENA region and has relocated to Dubai.

Zenfinex operates offshore operations in Saint Vincent and the Grenadines, and in Seychelles. It is under the control of Oscar Hilt Tatum IV, a Saint Kitts and Nevis citizen residing in the UAE. Moreover, Zenifinex recently applied for and is in the final stages of obtaining licenses from the Dubai Financial Services Authority (DFSA) and the Financial Services Authority Seychelles (FSA).

Chabbouh’s Vocational Past

Prior to relocating to his new role as CEO MENA in Dubai, Chabbouh served FXCM for almost nine years. His most recent position was Regional manager of the MENA territories. In this time, he made efforts to penetrate and grow business in the MENA markets, among other duties. He was elevated from his earlier role as the Business Development Manager of MENA. Over the course of a year, he was the project leader for the SEO, in charge of strategic partnerships, launched and implemented a successful Analyst program to increase equity. Before that, he was the Head of FXCM Arabic Research for almost four years, according to his LinkedIn profile.

At DailyFX, he became the Head of DailyFX Arabic. From August 2013 to November 2016, as part of his responsibilities, he fabricated DailyFX’s Arabic website from the outset. This required the creation and management of more than fifty pages.

In October 2011, he joined Societe Generale Corporate and Investment Banking (SGCIB) in a project management position in the Fixed Income & Currencies COO office.

Additionally, HSBC Global Banking and Markets benefitted from his experience in the role of Operational Risk and Internal Control where he stayed for six months.

Earlier on, he served Master Trend Capital Advisors Off Shore, S.A.L. as a Financial Risk Analyst for a very short stint.

His earliest role was at Credit Suisse as a Private Banking Analyst Program.