MICT Inc (NASDAQ: MICT) announced this week that it has appointed Richard Abrahams, former Everbright Managing Director of Equities, as its new Managing Director and Global Head of Brokerage English, effective immediately.
Abrahams, an experienced Business builder with international experience in investment banking, brings over 35 years’ experience of working in the financial services industry to MICT. He has fulfilled a number of senior management and executive roles in China, the USA and Europe where he has displayed creative strategic thinking and proven his expertise to develop businesses, drive teams and achieve results.
At MICT, which focuses on online brokerages for equities trading, wealth management services and sales of insurance products, Abrahams will serve as Chief Executive Officer of stock trading and wealth management. He will be responsible for leading its stock-trading and wealth management business in the rapidly growing retail investor market in China, according to a recent press release.
While Abrahams has been promoted to Managing Director and Global Head of Brokerage English, he still retains the post of Managing Director and Head of Equities at Everbright Sun Hung Kai Company Limited HK, which began in October 2016. Earlier on, still at Everbright and based in London, he was CEO and Head of Equities EBSHK for only eight months as well as a Director of Institutional Equities in Hong Kong before his promotion, according to his LinkedIn profile.
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As CEO at North Square Blue Oak Ltd (now Everbright Sun Hung Kai (UK) Company Limited) he successfully held the role for just over eight years. Also, in Pali International, he was appointed CEO and completed the requirements of the post between 2002 and 2008. Prior to this, his previous positions mainly comprised of senior management and executive roles in Securities, Equities and Trading, including ING, HSBC and Nat West.
New Managing Director Richard Abrahams Joins MICT from Everbright
Over the past two decades, Abrahams has successfully built two international brokerages, elevating one to a top-ranked international broker in only three years. Additionally, he has proven himself repeatedly to build businesses and deliver effective results.
Darren Mercer, CEO of MICT, said: “We are particularly pleased that Richard has been able to join us at this time, as we complete the acquisition of a Hong Kong securities and investments firm, as announced on 2nd October, and as we roll out our app and online based trading platform.
“We look forward to Richard leading our stock-trading and wealth management business in the rapidly growing retail investor market in China, where online stock trading volumes had already reached U.S.$2 trillion in 2019 and are expected to grow significantly further in 2020 and beyond.”