Capex.com Onboards Vikas Lakhwani as GCC GM

Capex.com has strengthened its management-level positions with the latest appointment of Vikas Lakhwani as a GM for the Gulf Cooperation Council (GCC) region. According to his Linkedin, he has already joined the brokerage and is based in Abu Dhabi.

A prominent name in the Middle East and North Africa region, the broker was established as CFD Global.com in 2016 and rebranded in 2019 as Capex.com. The platform's offerings are primarily trading services with 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) instruments of other popular asset classes.

Lakhwani's appointment came after Capex.com enhanced its services around cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Recently, the broker received an in-principal cryptocurrency license from the regulator in Abu Dhabi.

On top of that, the brokerage is licensed by the Abu Dhabi Global Markets' Financial Services Regulatory Authority (FSRA) for offering traditional trading instruments. Apart from Abu Dhabi, It is operating in several other jurisdictions with licenses from the regulators in Cyprus, South Africa and Seychelles.

Check out the recent London Summit session on talent acquisition when the markets are suffering from several macroeconomic factors like the pandemic and geopolitical tensions.

A Strategic Appointment

Lakhwani brings over a decade of experience working with brokers in their Middle East offices. He joined Capex.com from CPT International where he was the Chief Commercial Officer for one year and six months. Prior to that, he was with AxiCorp for four years. He joined the broker's Dubai offices as a Premium Client Manager and was later promoted to Head of MENA Sales.

Moreover, he spent about a couple of years at IG as a Sales Executive and another year and six months at Orient Financial Brokers as a Relationship Manager. He was stationed at the Dubai offices of both brokers.

He started his career in September 2011 at BNY Mellon as an Operations Executive and then joined Capita as a Finance Executive.

Furthermore, the Capex.com brand strengthened its presence in the MENA region with several other prominent hirings. Earlier this year, it added Fadi Reyad as a Market Analyst specific for the MENA region.