FNG has learned that leading UAE based online brokerage group CFI has hired Victor Hugo Cotoski as Managing Director Brazil. Victor will be based in São Paulo for CFI.

CFI earlier this year secured a Brazil Central Bank license, to operate as a securities brokerage firm in the country. The LATAM region has received a lot of focus in recent months from CFI. In 2026 the company also launched operations in Colombia.

Victor Hugo Cotoski was previously Associate Vice President, Strategic Development for Exinity (which operates the FXTM brand), responsible for developing Brazilian market expansion for the group. He has also worked at INFINOX.

Victor posted the following note today on LinkedIn about his new role at CFI.

After years of working to connect foreign companies with opportunities in Brazil’s capital markets and demonstrating how international expertise can create value onshore, we have finally reached an important milestone.

I’m very pleased to see CFI achieve this important step toward establishing its regulated trading operation in Brazil (CREDIT FINANCIER INVEST CORRETORA DE TÍTULOS E VALORES MOBILIÁRIOS LTDA).

By bringing together decades of international financial-market experience with strong local knowledge, we truly believe in the long-term potential of the Brazilian market and in the opportunity to contribute to its next chapter of innovation and development.

I’m proud to be leading this initiative and excited about what is ahead. I look forward to contributing not only to CFI’s growth in Brazil, but also to the continued development and modernization of the country’s financial markets.

A new chapter begins.