Multibank Group has strengthened its leadership with the appointment of Marc Aspinall as the new Chief Commercial Officer at the recently relocated Dubai headquarters. According to his Linkedin profile, he started the new role earlier this week.

The appointment came only a few months after the forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contracts for differences (CFDs) broker relocated its headquarters from Hong Kong to Dubai. Additionally, the broker filled a few other senior management in its Dubai offices, including Roman Krutyanskiy as the Chief Business Development Officer and Omar Khaled as the Managing Director.

An Experienced FX/CFDs Executive

The latest appointment of Aspinall is also strategic, given his more than two decades of exposure to the FX/CFDs industry. He has joined the new role from AllStars Digital where he was the Chief Operating Officer. Before that, he worked at St Vincent and the Grenadines offices of AllStars Trader as the Chief Executive Officer for a couple of years.

Aspinall started his career at CMC Markets in mid-2021, as seen on his Linkedin profile. He spent almost eleven years at the London-headquartered broker before separating as the Group Director of Partners Distribution. He then joined the Abu Dhabi offices of ADSS Securities as a Group Head of Sales.

Between December 2015 and January 2017, he worked as the Director of Business Development at The NAGA Group. Moreover, he was a Director of London-based Black Lake Financial Limited for over five years. On top of that, he co-founded Aqua Digital Rising and held the role of Chief Operating Office at the company.

The Expansion of Multibank

Multibank Group is an established FX/CFDs broker with an extensive presence in the Middle East. Established in 2005, it operates from branches in countries, such as Australia, Germany, Austria, Spain, Cyprus, the USA, Mexico, UAE, Kuwait, Jordan, and Turkey.

Moreover, the brokerage group holds regulatory permission in five continents. Most recently, it received two new regulatory licenses: one from the UAE’s Securities and Commodities Authority (SCA) and another from the Monetary Authority of Singapore (MAS).

Furthermore, Multibank closed 2021 with a daily turnover of over $12.1 billion and annual revenue of $189 million.