Australia based Retail FX and CFDs broker ACY Securities has continued to build out its capabilities in the Middle East, hiring Dr. Nedal Alchaar to its MENA team as Chief Economist. He will be based in Istanbul, Turley for his new role with ACY.

Dr. Alchaar is a distinguished personality in finance, economics, and academia, bringing extensive experience in financial markets, institutional expertise, and regulatory work in Islamic Finance.

Prior to joining ACY Securities, Dr. Alchaar held the position of Minister of Economy and Trade in Syria and played significant roles at Fannie Mae and Johnson & Higgins in Washington D.C. His background includes being an adjunct professor of Economics and Finance at George Washington University. Dr. Alchaar is a prolific author, producing books and scientific articles on banking and financial markets, with a particular focus on Islamic Economics and Finance.

His achievements have been widely recognised, earning him accolades such as the His Highness Sheikh Mohammed Bin Rashid Al Maktoum Prize for Banking Excellence in 2006. Arabian Business Magazine ranked him as the eighth most influential business figure in the Arab World. He has also received two nominations for The Nobel Prize for his notable contributions to the development of Islamic Economics and Finance.

Dr. Alchaar’s appointment as Chief Economist at ACY Securities underscores the company’s commitment to delivering the highest level of expertise and knowledge to clients and partners. ACY said it is confident that Dr. Alchaar’s wealth of experience and insights will enhance the company’s ability to serve clients and partners effectively, ensuring they remain at the forefront of innovation and excellence in the industry.

ACY Securities MENA Managing Director, Alla Darwish, commented:

“We are very proud and excited to welcome Dr. Alchaar to our team. His track record of success and his deep expertise in finance and economics make him an invaluable addition to our company. We look forward to working closely with him and leveraging his insights and knowledge to benefit our clients and partners.”

Dr. Nedal Alchaar commented:

“At this juncture in my career, becoming a part of ACY’s team, is a refreshing move to work with a rising company that holds high standards, devotion, and most importantly, client protection. ACY Securities’ firm conviction in corporate social responsibility and good governance will take it to new heights. ACY Securities is a promising candidate to assume a leading role in the world’s financial market. I pledge, along with the professional team at ACY Securities to deliver the best for our clients and the industry. I thank the management at ACY Securities for their professional manner in creating the opportunity for us to work together towards advancing our scope and innovations, and to continue to deliver superior services to our clients.”

Dr. Alchaar’s appointment at ACY Securities comes at a time when the global economic landscape is rapidly changing. His expertise will be instrumental in guiding ACY Securities’ clients through these changes. ACY Securities is confident that his valuable insights will have a significant impact as they continue to expand and grow the business in the MENA region.