OneRoyal, a Cyprus and Australia-based FX and CFDs broker, has appointed Elie Koueik, one of its longtime executives, as the Country Manager in Lebanon. Koueik, who joined the broker in August 2009 as an Account Executive, has been the firm’s Institutional Business Officer since September 2013.

The senior executive announced his promotion on Wednesday through LinkedIn. So far, Koueik has only worked for OneRoyal, a brokerage firm he joined when the company was still called Royal Forex Trading (RFXT).

Over the course of his 13 years at OneRoyal, Koueik has taken on various roles. Before becoming the Institutional Business Officer, he served a short stint as the Senior Business Relationship Manager between October 2012 and August 2013. Furthermore, for over a year from July 2011, he worked as an Investment Consultant at the brokerage firm.

OneRoyal Seeks Expansion

Apart from its presence in Cyprus and Australia, OneRoyal, which is operated by Royal Group Holdings, is registered and regulated in Saint Vincent and the Grenadines as well as in Vanuatu.

However, the broker, which marked 15 years from its founding last year, is making efforts to expand its business beyond these regions. In October 2022, OneRoyal opened an office in Lagos, Nigeria. Finance Magnates reported that OneRoyal’s team in Nigeria was tasked with developing the broker's business in the region and educating retail clients across Africa, starting with Nigeria, Kenya, and Ghana. Furthermore, in July, the company partnered with Hokocloud, a copy trading platform , to provide its traders with access, and to monitor and copy the most effective trading strategies of top traders in the market.

Meanwhile, OneRoyal made a few appointments in recent months to strengthen its leadership team. In November, the broker hired a former NAGA executive, Vince De Castro, as its Chief Marketing Officer. Castro joined the broker’s office in Cyprus.

At the start of last year, the broker expanded its C-Suite with the addition of four senior executives who have a combined experience of half a century. The executives are Michael Karakatsianis as the Group Chief Operating Officer and Stelios Christodoulou as the Chief Financial Officer, while the two other executives have separated from the firm.