RaiseFX, a new FX/CFDs brokerage launched in 2022, has tapped Dany Mawas, the former Regional Director
for Africa at INFINOX Global, as its Chief Commercial Officer (CCO). The senior
executive announced his appointment on Friday through LinkedIn.
Mawas, who has also doubled as the Global Head of Retention at INFINOX since April 2022, leaves the brokerage
for RaiseFX after two years and five months. Previously, he served a long stint
at FXCM, rising from FX Sales Associate in France to Managing Director for UK
and Africa Sales between 2013 and 2018.
Speaking about his time at INFINOX,
Mawas noted that in collaboration with Jay Mawji, a Director at INFINOX
Capital, the UK subsidiary of the brokerage company, he was able to establish the
firm as “one of the leading retail brokerages on the continent” within three
years.
“A new and more challenging
chapter awaits me now. I am thrilled to announce that I will be joining RaiseFX
as Chief Commercial Officer,” Mawas wrote on LinkedIn.
In recent months, other executives also left their brokerages to join industry new entrants in c-suite roles. In March, Monaxa appointed Chris Trikomitis, ex-Established Markets Director at Exness, as its Chief Executive Officer. In January, Dubai-based MCC Markets tapped Michael Chen, who had previously served Admiral Markets in Shanghai as a Country Director, as its CEO.
RaiseFX Seeks to Establish
Presence
David Bottin, a former Managing
Director at AvaTrade in France, launched RaiseFX in April 2022. The company was
registered in Kazakhstan and offers hundreds of tradeable products, leverage,
tight spreads and a dark liquidity pool.
According to Mawas, RaiseFX has
established its presence in several African countries: South
Africa, Zambia, Tanzania and Botswana. In addition, the brokerage plans to commence
operations in Nigeria soon.
“RaiseFX is also expanding its
presence in Asia and the Middle East through strategic partnerships in
Indonesia, the Philippines, Egypt, and Lebanon,” Mawas explained. “With recent
key hires, the company is poised for significant growth.”
Meanwhile, several other appointments were recorded during the week: Equiti Capital UK appointed
Steve Reeves as Chair of the UK Board; GCEX hired Tilman Schultz as the Head of Partnerships; and Hantec Markets’ tapped INFINOX’s Lee Holmes as the Head of Institutional Sales for its upcoming
prime brokerage service.
RaiseFX, a new FX/CFDs brokerage launched in 2022, has tapped Dany Mawas, the former Regional Director
for Africa at INFINOX Global, as its Chief Commercial Officer (CCO). The senior
executive announced his appointment on Friday through LinkedIn.
Mawas, who has also doubled as the Global Head of Retention at INFINOX since April 2022, leaves the brokerage
for RaiseFX after two years and five months. Previously, he served a long stint
at FXCM, rising from FX Sales Associate in France to Managing Director for UK
and Africa Sales between 2013 and 2018.
Speaking about his time at INFINOX,
Mawas noted that in collaboration with Jay Mawji, a Director at INFINOX
Capital, the UK subsidiary of the brokerage company, he was able to establish the
firm as “one of the leading retail brokerages on the continent” within three
years.
“A new and more challenging
chapter awaits me now. I am thrilled to announce that I will be joining RaiseFX
as Chief Commercial Officer,” Mawas wrote on LinkedIn.
In recent months, other executives also left their brokerages to join industry new entrants in c-suite roles. In March, Monaxa appointed Chris Trikomitis, ex-Established Markets Director at Exness, as its Chief Executive Officer. In January, Dubai-based MCC Markets tapped Michael Chen, who had previously served Admiral Markets in Shanghai as a Country Director, as its CEO.
RaiseFX Seeks to Establish
Presence
David Bottin, a former Managing
Director at AvaTrade in France, launched RaiseFX in April 2022. The company was
registered in Kazakhstan and offers hundreds of tradeable products, leverage,
tight spreads and a dark liquidity pool.
According to Mawas, RaiseFX has
established its presence in several African countries: South
Africa, Zambia, Tanzania and Botswana. In addition, the brokerage plans to commence
operations in Nigeria soon.
“RaiseFX is also expanding its
presence in Asia and the Middle East through strategic partnerships in
Indonesia, the Philippines, Egypt, and Lebanon,” Mawas explained. “With recent
key hires, the company is poised for significant growth.”
Meanwhile, several other appointments were recorded during the week: Equiti Capital UK appointed
Steve Reeves as Chair of the UK Board; GCEX hired Tilman Schultz as the Head of Partnerships; and Hantec Markets’ tapped INFINOX’s Lee Holmes as the Head of Institutional Sales for its upcoming
prime brokerage service.
