FNG Exclusive… FNG has learned that Retail FX broker Infinox has hired longtime FXCM executive Dany Mawas, as Regional Director for South Africa.

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.

An Infinox spokesperson told FNG:

“Our expansion into Africa is an important step to the continued growth of INFINOX. We have a strong and expanding regional client base and this expansion will ensure that we can continue to provide a premium service to clients in Africa. The success of INFINOX is ultimately determined by the talented and professional teams that we have. Dany Mawas joining INFINOX highlights the experience that INFINOX has, which ultimately translates to how well we service our clients.”

The Infinox group operates globally with licensed operations in the UK, South Africa, and the Bahamas. Infinox is controlled by Chinese businessman Xueniu Zhang. The company is run from London by longtime CEO Robert Berkeley.

Mr. Mawas posted the following note on social media over the holiday weekend about his move to Infinox:

Having glided from intern to Managing Director of Africa & UK in under 8 years at FXCM the moment for progression, challenge and growth arrives to welcome the new year.

I am honored to celebrate the position of Regional Director of INFINOX Capital, an innovative and disruptive brokerage based in London and 15+ countries.

We have numerous exciting projects in the pipeline: We kick off 2021 with the launch of IX Social, our social trading app. We then introduce a number of new trading products and services, whilst extending our service offerings to new regions as we roll out innovative trading solutions for Asset Managers, Affiliates and IBs.

Thank you INFINOX Capital, Jay K Mawji and Robert Berkeley.

Merry Christmas.