Exclusive: RaiseFX hires INFINOX exec Dany Mawas as CCO
FNG Exclusive… FNG has learned that startup Retail FX and CFDs broker RaiseFX has hired Dany Mawas as the company’s new Chief Commercial Officer (CCO), with an eye to expand its business in Africa.
Dany Mawas joins RaiseFX from INFINOX, where he was Regional Director for South Africa, also acting as INFINOX’s Global Head of Retention for the past year. Prior to joining INFINOX in 2020 Dany Mawas had been with FXCM since 2013, starting as a sales associate, later becoming Head of Sales in France, and eventually moving to South Africa to become Managing Director Africa & UK Sales for FXCM, which is now a unit of Jefferies Financial.
As was also reported exclusively here at FNG last year, RaiseFX was launched by former AvaTrade France head David Bottin, who acts as CEO of the company. The raisefx.com website is technically being operated by a company called RaiseGroup LLP, which is registered in Kazakhstan. However we understand that the operation is being physically run from Paris, where Mr. Bottin resides.
RaiseFX has struck an agreement with FSCA licensed broker Insele Capital Partners to act as a “juristic representative” of Insele, effectively enabling it to offer services in South Africa.
Dany Mawas posted the following note on social regarding his move to RaiseFX:
In 2020, I became Regional Director for INFINOX Global in Africa. It was a daunting task to build a new operational unit from scratch. However, with the support of Jay K Mawji, we established ourselves as one of the leading retail brokerages on the continent. Through strategic partnerships with top banks and fintech companies, we grew INFINOX’s presence across #africa in just 3 years from 2020 to 2022. In 2022, INFINOX was awarded the title of ‘Best Broker in Africa’, thereby fulfilling my goal.
A new and more challenging chapter awaits me now. I am thrilled to announce that I will be joining RaiseFX as Chief Commercial Officer.
We have exciting plans for Asia, Africa, and the Middle East. Our FSCA-regulated South African operations have been successfully launched in #johannesburg and #capetown, and we have established a presence in #zambia, #tanzania, and #botswana. Furthermore, we are soon to commence operations in #nigeria. RaiseFX is also expanding its presence in Asia and the Middle East through strategic partnerships in Indonesia, the Philippines, Egypt, and Lebanon. With recent key hires, the company is poised for significant growth. Stay tuned for updates as RaiseFX prepares to take off.