PrimaCapital has named Gebran Massabni as its new General Manager. He is another former OneRoyal executive joining the management team at the retail FX and CFD broker founded by Ali Marwani.
Massabni comes to PrimaCapital after spending over 17 years at OneRoyal, where he held several senior roles, including Head of Business Development and Chief Operating Officer. In 2023 he was named Head of Global Sales.
Massabni’s new role at PrimaCapital appears in the speaker program for the Forex Traders Expo & Summit Dubai, which takes place later this month. However, PrimaCapital has not shared details about his responsibilities or when he will officially start.
PrimaCapital Builds Team around OneRoyal
Alumni Massabni is joining a company that already has ties to his previous employer. Marwani started PrimaCapital in 2023 after spending ten years at OneRoyal and its predecessor, Royal Financials, which he joined in 2011. Both companies work in the retail trading sector and offer leveraged products like FX and CFDs.
Massabni brings experience from a well-established, multi-licensed broker to a newer company that competes in similar markets, especially in the Middle East.
He is not the only former OneRoyal employee at PrimaCapital. Public records show that Mohammad Jawad Rashid is now Head of Risk at PrimaCapital after previously working as Head of Market Research at OneRoyal.
It is unclear if these hires are part of a planned recruitment strategy.
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UAE Activities Run through a Separate Company
According to its website, PrimaCapital’s main operating company is PrimaCapital Limited, which is registered in Saint Lucia under number 2023-00550. The broker provides CFDs through MetaTrader 5.
PrimaCapital’s activities in the UAE are more limited in scope. The company says that all introducing activities in the country are handled only by Prima Global Financials LLC, which holds a Category 5 licence from the UAE Capital Market Authority.
This licence allows for client introductions and promotion, but not full brokerage or execution services in the UAE. This is an important distinction as Massabni steps into his new role as General Manager.
