Exclusive: Zaid Alkhatib to replace Ashraf Ebid as CEO of GMI UK
FNG Exclusive… FNG has learned that FCA regulated institutional FX broker Global Market Index Ltd, which operates under the brand GMI UK, has made a management change at the top, with Zaid Alkhatib promoted to Chief Executive Officer (CEO) effective 1 April 2022. The formal appointment is still pending FCA approval.
Prior to the promotion, Zaid Alkhatib’s role was Chief Operating Officer, Director of Operations and Compliance which he transitioned into in December 2021, as was also exclusively reported at the time by FNG. The company said that Mr. Alkhatib’s continued success in running and improving the operations of GMI UK has led to his promotion. His previous experience includes heading the operational side of various fintech businesses, as well as having served as COO of retail FX broker Orbex.
Ashraf Ebid, GMI UK’s longtime CEO and (still) controlling shareholder, will be stepping aside from day-to-day management of the company to pursue projects in technology and eCommerce.
Ashraf Ebid commented to FNG on the appointment:
“I am delighted to see Zaid moving further up in his career as I believe his experience, skills, and dedication to GMI UK will be magnified by taking on the CEO role (pending FCA approval). I have worked with Zaid over a number of years, and he has proved himself to be a highly reliable and diligent individual who is capable of enhancing all aspects of the company’s operation. I am proud of what we have accomplished so far at GMI UK.
Now is the appropriate time for a new CEO to take charge of the next phase of GMI UK’s growth and innovation as I focus more of my time on my ambitions in the technology and eCommerce fields. I will remain on the board as an Executive Director and majority shareholder of GMI UK, while Zaid will run the day-to-day activities.”
Zaid Alkhatib commented:
“I am extremely excited to take over as CEO as I believe in GMI UK’s role as a major global player in the B2B/Institutional FX and CFD liquidity space. I am confident that we will continue to extend our range of services and supported financial products and continue to build on our current success in providing superior liquidity and technology solutions to our institutional and FX brokerage clients.”