FNG Exclusive… FNG has learned that Dubai based, offshore operated CFDs broker Zarvista Capital Markets has named Mohammed El Alaoui Essosse as the company’s new Chief Executive Officer (CEO).

Mohammed El Alaoui Essosse has been with Zarvista – formerly known as ZaraFX prior to a 2024 rebranding – for the past three years, serving as Head of Business Development as well as Director of Africa. Prior to his time at Zarvista, Mohammed worked at AUS Global and at INFINOX, in senior sales and business development roles, focused on the MENA region.

Mohammed replaces Zarvista founder and controlling shareholder Jamsheer Thazhe Veettil in the role of CEO. The company had also brought on board former BUX Cyprus Managing Director Jean-Raphael Nahas as COO, although we understand that he left the company late last year.

Zarvista is an offshore (Mwali and Mauritius registered) Retail FX and CFDs broker operated mainly from Dubai and from Cyprus, targeting traders in the MENA and Asia regions. The company is controlled by Indian national Jamsheer Thazhe Veettil.

Mohammed posted the following note on social media regarding the changes at Zarvista.

A new chapter begins.

I’m grateful to share that I’ve been appointed as the Chief Executive Officer of Zarvista Capital Markets.

My journey in the financial markets has taken me through different roles over the years, from building brokerage operations to working closely with partners and teams focused on growth and innovation. Each experience has shaped how I see this industry — one that constantly evolves and demands both resilience and forward thinking.

Taking on the role of CEO is both humbling and motivating. I’m thankful for the trust placed in me, and I’m excited to work with the incredible team at Zarvista as we continue building, improving, and expanding what we offer to our clients and partners.

The journey continues, and I’m looking forward to what we will build together.

In something of a parallel post, outgoing CEO Jamsheer Thazhe Veettil wrote the following.

After five intense and transformative years, I have decided to step down from my role as CEO of Zarvista Capital Markets.

Building this company was never just a title for me it was a mission. I invested my heart, my time, my energy, and my belief into shaping its vision, building the team, and driving it forward through every phase of growth.

Leadership is a responsibility I have always taken seriously. It means carrying pressure quietly, making difficult decisions when necessary, and standing firm during moments that test your resilience. This journey demanded everything and it shaped me in return.

I am proud of what we built, the people who stood beside me, and the foundation we created together. Every milestone achieved and every challenge faced has contributed to the strength and character of this organization.

At this stage, I believe the company is ready for a new phase under new leadership, and I am confident it will continue to evolve and grow.

I remain deeply proud of what we built from the ground up the team the partnerships, and the community that trusted us.

This is not an end it is an evolution.

Every challenge refines a leader. Every chapter builds the next. I move forward stronger, sharper, and ready for what lies ahead.