FNG Exclusive… FNG has learned that following a very successful fiscal 2021, FCA regulated institutional FX broker Global Market Index Ltd, which operates under the brand GMI UK, has promoted Zaid Alkhatib to Chief Operating Officer (COO) of the company. Mohamed Elfishawy has also been promoted to Head of Operations and Technology Development, and Secretary to the Board.

Zaid Alkhatib’s current role is Director of Operations and Compliance which he transitioned to shortly after he started working with the firm in mid 2020, as was also exclusively reported at the time by FNG. Mr. Alkhatib’s continued success in running and improving the operations of GMI UK has led to his promotion. His prior experience also includes heading the Operations functions of various fintech businesses, as well as having served as COO of retail FX broker Orbex.

Mohamed Elfishawy has been with GMI UK since June 2021, joining the company after more than 2 years at Finstek as a Business Development and Software development Project Manager. Since joining GMI UK, Mr. Elfishawy worked closely with Zaid Alkhatib to develop his regulatory and compliance knowledge as well as operational structure and processes. Prior to Finstek, he held Senior Project Management positions at various major FX Brokerage firms leading primarily software and eCommerce projects as well as serving in support roles at Vodafone.

GMI UK CEO Ashraf Ebid commented on the appointments:

“I am thrilled to promote Zaid to the role of COO of GMI UK as I believe his experience, skills and dedication to GMI UK will ensure the continued success of GMI UK. GMI UK is finishing this year with the best results and profitability since its founding, thanks to my successful and collaborative team effort with Zaid. I have worked with Zaid over 4 years now at Finstek and GMI UK, and he has proven himself to be a highly reliable and diligent executive who can lead our company to greater success in the future.

Mohamed Elfishawy has progressed within our company since he joined, having spent time working with Zaid in Operations and Compliance. He has enriched his knowledge working for a regulated broker in the UK and he brings great experience in business development and complex online trading software and technology management to the business. Now is a great time to expand our management structure and keep our good growth accelerating to the next levels.”

Zaid Alkhatib commented:

“I am truly honoured to be taking on this new challenge at GMI UK. I believe in GMI UK’s role as a major global player in the online B2B – STP only FX and CFD trading industry, and I am confident we will grow our company and its market position and innovation, and we will continue to build on our success in providing superior liquidity and technology solutions to our institutional and FX brokerage clients.”

Mohamed Elfishawy added:

“I am delighted to take up my position as Head of Operations and Technology Development with GMI UK and will be focused on maintaining and building relationships with our technology and liquidity partners, improving our core operations to ensure continued premium client service, product and technology innovation and business development and to ensure we deliver on our promise of lower trading costs, system stability and speed of execution.”