One of the leading prime of prime providers the industry, Advanced Markets has made a new appointment to its team. The firm has hired Nidal Abdelhadi as Managing Director of Middle East and North Africa (MENA) operations and business development. He will also hold the same position at Fortex, an FX technology company that is closely connected to Advanced Markets’ business.
The new hire comes after Nidal Abdelhadi has worked at Swissquote for three years, with a brief pause when he took an executive role at Fortress Prime, before the company was phased out.
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While at Swissquote, Abdelhadi held the role of Head of Institutional Sales. Before joining the company, he served as Head of Institutional Sales with MIG Bank. The industry veteran will be in charge of driving growth in the MENA region.
Commenting on the announcement, the Global Head of Sales at Advanced Markets and Fortex Inc Natallia Hunik said, “Our latest hire signals a significant expansion for Advanced Markets and Fortex, as the firm continues to grow its global senior leadership team. The FX market in MENA is experiencing rapid growth and there is an increasing demand for a reputable counterparty, one that can deliver true STP (straight through processing) access to the interbank market via reliable and robust technology.”
“Nidal has a track record of success and a detailed understanding of the institutional FX sector. Adding this new role is vital for Advanced Markets and Fortex as we continue our ambitious plans to further expand into international markets, by pioneering real FX “Prime of Prime” services and promoting transparency and fair OTC FX execution”, Hunik elaborated.
Commenting on his appointment, Nidal Abdelhadi stated, “The demand for world-class institutional service, and stable and advanced technology that meets the needs of Banks, Brokers and corporate asset managers alike, is increasing worldwide. I believe that by combining the truly competitive prime liquidity and market depth of Advanced Markets and the state-of-the-art technology of Fortex we have created the optimal environment for Institutional clients , one that ensures both best execution and stable connectivity”.