Finance Magnates has learnt that Salim Sebbata has taken up a new role as Senior Executive Officer at IMS Forex (IMS FX) in the United Arab Emirates (UAE). Speaking to Finance Magnates this Wednesday, Sebbata said that he joins IMS FX Group Limited as their Senior Executive Officer in Abu Dhabi to set up the firm’s Middle Eastern hub.
Commenting on the issue, Sebbata said: “I am excited to be joining IMS FX Group at this time of rapid global expansion. There is a strong movement of Chinese investors into the UAE and we plan to allign with this, offering novel products and solutions to the market. We are grateful for having been one of the first brokerages being licensed by ADGM and look forward to engaging with the local and Chinese investing community”.
Lijun Zhu, chairman of the board of IMS FX Group said: “We are grateful to have secured Salim Sebbata to head up or business in the Middle East. As a seasoned professional he will help us execute our global growth plans in what is a very competitive field. The group is committing significant resources to activate our ADGM license and business”
Prior to his recent move, Sebbata spent two years with one of the major players in the retail trading industry – CMC Markets, helping them develop their Middle Eastern business and navigate the licensing processes.
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Sebbata started his career in the late 90s. He was a German Private banker at Merrill Lynch until the mid-2000s when he moved to London to build E*TRADE’s International Sales team based in Canada, HK, Sweden, Denmark, Germany, France and the UK.
He went on to become the Managing Director of the UK business and then moved to Dubai to head up the Middle East expansion for the firm as the licensed director in the Dubai International Financial Centre.
From 2010 to 2015 he held significant management roles at Mubasher Financial Services a Saudi-owned DMA brokerage leader including Head of Retail, Head of Marketing and MD for the UAE broker.
He obtained a central bank license in Bahrain for FX and CFD and built and managed the team for the product line.