AT Capital Markets (ATFX) announced this Friday that Ryan Tsui has become the CEO of its Middle Eastern office. Tsui was appointed to the position on March 28 this year and will lead the company’s efforts to establish a footprint in the Middle East.
Tsui has over 13 years of experience in the finance industry. Previously he worked in director and senior management positions for companies such as GKFX and FXCM. During his time with those firms, he specialized in forex, indices, equities, commodities, spread betting, contracts-for-differences (CFDs), futures and options.
ATFX is an international online forex trading firm; it also offers an MT4 trading system. In April this year, the company’s UAE office received its license from ADGM and is now fully regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.
With an already strong footing in the finance industry, it will be up to Tsui to expand the company’s operations in the Middle East. According to the statement: “The company has already created a niche for itself in Europe and South East Asia, with its cutting-edge online trading platform and excellence in customer support.
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“ATFX believes that Ryan Tsui is the right person to lead the team in the UAE, given he has more than a decade of experience in the financial arena.”
Since his appointment in March, Tsui has taken a number of steps to make his mark in the Middle East. He has already handpicked his team, hiring people in a variety of functions, from human resources to sales.
Turning point for UAE
In the announcement, Tsui stated that now is a very interesting time to enter the Middle Eastern financial market. This is because many Gulf Cooperation Council countries are wanting to diversify their economies away from oil.
As a result, the entire region is at a key stage in its economic evolution. Because of this change has been an uptick in retail trading with Middle Easterners, particularly in the Gulf countries, starting to trade more in an array of financial instruments.