Omar Qumuq, the Former Head of MENA at Doo Group, has joined EC Markets as the Managing Director - MENA, according to Qumuq's LinkedIn post. He will be based in the company's Dubai office.
Qumuq joined Doo Group as MENA Sales Director before being promoted to Head of MENA. He brings extensive experience to the role, having previously worked as Sales Director at STARTRADER and as Business Development Manager at MultiBank Group.
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EC Markets Appoints New Sales Director
The broker also appointed Rohan Kumar, previously Doo Prime Sales Manager, as Sales Director. Kumar was previously the Senior Business Development Manager at STARTRADER and Senior Account Manager at EXANTE.
Recently, Doo Prime rebranded as D Prime, unveiling a new name, logo, color scheme, and website. The company said the changes are aimed at aligning its brand with its current operations and future plans. The updated website features 3D animations, live pricing, interactive tools, localized payment options, and multi-platform access.
The latest appointments followed EC Markets's acquisition of a Category 5 license from the UAE’s Securities and Commodities Authority in June. The approval grants the broker full authorization to operate in the country’s regulated financial sector, including the ability to introduce clients, market its services, and provide a range of financial consultations.
Regional Expansion
EC Markets has been expanding its reach geographically. Last month, it established a new office in Mexico City, marking its entry into Latin America and its first physical presence in the region. The office provides localized services aimed at supporting clients and partners across Latin American markets.
Related: “Tokenisation May Not Resonate with Retail Users and Could Remain for Funds Only”: EC Markets CEO
The move comes shortly after the firm launched operations in Mauritius. According to the company, both initiatives form part of EC Markets’ broader strategy to expand its global footprint and enhance service delivery.
“In terms of growth, while Southeast Asia still offers plenty of opportunities, we are also seeing strong momentum in our LATAM business,” Smith said. “The MENA region is set to be another key growth driver for us,” Matthew Smith, the CEO of EC Markets, recently told Finance Magnates.
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