FNG has learned that Retail FX and CFDs broker HFM has continued to build out its capabilities in the greater MENA region, hiring Cairo based executive Mohamed Elgayyar as Head of GCC and Egypt.

Mohamed Elgayyar joins HFM from CFDs broker GODO, where he was Regional Sales Manager. He has also previously worked at FxPro, OW Markets, Orbex, and for Turkish broker InvestAZ.

HFM recently hired former Zarvista and BUX executive Jean Nahas as Senior Executive Officer of the group’s UAE operation in Dubai, as well as former Zarvista CEO Mohammed El Alaoui Essosse to head Business Development in North Africa.

HFM is a sponsor of Arsenal and operates via licensed subsidiaries around the globe. The group includes CySEC licensed HF Markets Europe Ltd (at website hfeu.com), FCA regulated HF Markets (UK) Limited, Dubai DFSA licensed HF Markets (DIFC) Ltd, FSCA regulated HF Markets SA (PTY) Ltd in South Africa, as well as offshore HF Markets (Seychelles) Ltd at website hfm.com.