FNG Exclusive… FNG has learned that Mohamed Elsergany has resigned his position as Managing Director MENA for Retail FX and CFDs broker PU Prime, and left the company.

Mohamed Elsergany had been with PU Prime since mid 2021, other than a brief stint in 2022-2023 when he left to become MENA CEO and Global CMO for rival Dubai based broker OnePro, before returning to PU Prime later that year.

PU Prime recently expanded its MENA based business, receiving a Category Five license from UAE financial regulator Capital Market Authority (CMA, formerly known as the SCA). At the time, the company revealed that its UAE operation is now headed by Ali Afzaal, who joined PU Prime last year from GTCFX, as was also exclusively reported at the time here at FNG. Ali serves as Regional Head MENA & South Asia at PU Prime.

PU Prime, which recently launched the Champion in You campaign as part of its sponsorship of the Argentine Football Association, also operates licensed subsidiaries in Australia, South Africa, Mauritius, and Seychelles.

Mohamed posted the following note on LinkedIn regarding his departure from PU Prime.

After almost 4 years at PU Prime, I’ve decided to resign.

Some decisions take time.

Some decisions require clarity.

Growth sometimes means walking away.

More soon…..

Grateful for the experiences, the growth, and the relationships built along the way.

Every chapter has its purpose.

This one has shaped me in many ways.

Now, it’s time for the next move.