Retail FX and CFDs broker Accuindex has announced the appointment of Husein Al-Koofee as Executive Director of the firm’s Cyprus operations. The company said that Mr. Al-Koofee brings with him eighteen years of extensive experience within the financial markets sector specializing in FX and CFD trading, business operations and management.

Accuindex noted that Husein Al-Koofee will be leading the office’s operations and hold responsibility for the day-to-day corporate governance of the firm, with a special focus on managing staff, compliance and coordinating with the board of directors.

Husein Al-Koofee commented regarding his new position:

“I am excited to join Accuindex and lead the firm’s new Cyprus operations. Accuindex has a vision to take the online trading industry to new heights with a technologically focused approach to multi-asset online trading. I am looking forward to meeting the challenge of delivering some ambitious objectives whilst not losing sight of Accuindex’s client centric ethos in everything they do.”

Samer Mourched, Accuindex’s Group Chief Operating Officer, added:

“We are delighted to have Husein Al-Koofee on board as Executive Director. He brings a wealth of experience to our executive team which will be invaluable on our journey to becoming the leading brokerage in the FX and CFD trading industry. With his deep understanding of the business he will support our mission to grow our global brand proposition even further over the next few years.”

This hire comes alongside further recent additions to the executive team after the firm hired Samer Mourched as the company’s Group Chief Operating Officer just last month. Mourched has over a decade of experience in senior and executive leadership roles from various financial institutions and is steering the firm’s global growth strategy.

We reported earlier this month that Accuindex had “come onshore”, acquiring CySEC licensed Ruizean Markets Ltd and renaming it Accuindex EU Limited. Ruizean was established in Cyprus in 2017, controlled by several Australia based Chinese nationals, but remained fairly dormant until the recent acquisition by Accuindex. Accuindex was founded in 2017, operating Accuindex Ltd which is authorized and regulated by the Financial Service Commission (FSC) in Mauritius (License No GB19024778).