FNG Exclusive… FNG has learned that Forex broker platform and technology provider Leverate has hired Ahmed Fouad as Managing Director (GCC). Based in Dubai, Mr. Fouad will be charged with building Leverate’s business in the UAE and the greater MENA region, and in supporting the company’s customer base operating from the UAE.

Ahmed Fouad spent the last two-plus years at Retail FX broker ATFX, as ATFX’s Regional Manager and Director of Business Development (MENA). Prior to joining ATFX in 2018 he was Head of Derivatives for Turkish retail FX shop GKFX, in Dubai.

This is the latest in a string of moves made at Leverate by Ran Strauss, who returned last year to become CEO of the company he co-founded following a four year absence. We reported exclusively last month that Mr. Strauss brought on board Eran Gorodezky as Leverate’s new CFO.

In addition to being a tech provider to brokers, Leverate operates a number of its own Retail FX brands via its CySEC licensed subsidiary Leverate Financial Services Ltd, including Basel Capital Markets (baselcapitalmarkets.de), Direktbroker-fx.de, FXPN (fxpn.eu), and Bein Markets (beinmarkets.eu).