Multi-regulated FX and CFDs broker, Accuindex has secured a new Executive Director for its Cyprus operations, appointing Husein Al-Koofee to the lead role. The appointment will help usher in a new growth strategy for Accuindex, with the group looking to leverage Husein’s lengthy expertise in the online trading space.
In his new role, Al-Koofee is tasked with day-to-day corporate governance with a special focus on managing staff, compliance and coordinating with the board of directors. He will lead the company’s operations in Cyprus during its restructuring phase, shifting focus to a more customizable product lineup.
The news comes nearly two weeks after Accuindex completed the acquisition of 100% of the share capital of Ruizean Markets, a CySEC-authorised firm that was rebranded as Accuindex EU Limited. The deal strengthens the regulatory profile of Accuindex, which also holds regulatory licenses in Mauritius.
Al-Koofee steps into his new role following a lengthy career in the financial services arena, which dates back to 1999. Prior to landing at Accuindex, he spent three years in an analogous role at the Cypriot brokerage firm, FXBFI Broker Financial Invest LTD. This was preceded by a two-year stint as head of brokerage department at Sonaf Business Limited.
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Additionally, he was a mainstay at FX broker FxPulp, where he held several compliance and operational roles for over six years.
Announcing the appointment, Samer Mourched, Chief Operating Officer of Accuindex Ltd, said: “We are delighted to have Husein Al-Koofee on board as Executive Director. He brings a wealth of experience to our executive team which will be invaluable on our journey to becoming the leading brokerage in the FX and CFD trading industry. With his deep understanding of the business, he will support our mission to grow our global brand proposition even further over the next few years.”
“I am excited to join Accuindex and lead the firms new Cyprus operations. Accuindex has a vision to take the online trading industry to new heights with a technologically focused approach to multi-asset online trading. I am looking forward to meeting the challenge of delivering some ambitious objectives whilst not losing sight of Accuindex’s client centric ethos in everything they do,” added Husein Al-Koofee.