CMC Markets Institutional, a provider of liquidity and white label trading solutions to banks, brokerages, funds and dealing desks, announced this Tuesday that it has appointed Ahmed Soliman as Senior Relationship Manager.
Soliman will be responsible for growing the company’s presence in Dubai, as well as working with CMC’s global institutional team which is based in London. In this role, he will manage new sales and ongoing relationship management in the region.
Before joining CMC Markets Institutional, Soliman was the Regional Manager and Technical Account Manager of PrimeXM in the United Arab Emirates (UAE), a position he held for almost two years.
During his career, Soliman has worked in a number of positions at institutional liquidity providers in the Middle East and Eastern Mediterranean. Prior to his stint at PrimeXM, he was a Business Analyst at CFH 1057 DMCC from February of 2016 until January of 2017, where he was also based in Dubai.
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According to his Linkedin, from January 2013 until January of 2017 Soliman was employed at InvestFX where he was a Business Analyst and Lead Developer, based in Cyprus.
Commenting on the appointment, Richard Elston, Head of Institutional at CMC Markets, said: “We are seeing a significant uptick in demand for our high quality, multi-asset liquidity and brokerage solutions.”
“To help address what is a global need, we have made another regional appointment to provide the best possible service to local counterparties – an offering which will be supported by the existing teams in both Europe and Asia.”
Brokerages Eye Expansion in Dubai and GCC Countries
With Dubai quickly becoming a financial hub in the UAE, and the surrounding countries’ markets maturing, more and more brokerages and financial institutions are expanding their presence in this region and setting up representative offices in the city.
Soliman, who speaks both English and Arabic, will utilize his bilingual skills to liaise with a range of Market Counterparties, Introducing Brokers and direct consumers of CMC’s liquidity.