Traze, a licensed broker in the United Arab Emirates, has hired Wassim Anastasiou as Regional Director for the Middle East and North Africa (MENA) region. Anastasiou spent nearly a decade at ICM.com, where he rose through the ranks from client services to director-level operations roles.

ICM Veteran Joins Traze as MENA Director After Nearly 10 Years

The executive joins Traze after serving as Director of Operations and Senior Executive Officer at ICM.com since January 2024.

Anastasiou wrote on LinkedIn that he joined Traze to focus on “growth, innovation, and regional impact.” He described the company as having a vision to set standards in transparency and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term across global markets.

“I’m proud to be part of a leadership team bold enough to challenge convention and driven enough to build something lasting,” he added.

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Anastasiou started at ICM.com in June 2016 as a client services executive in London. He moved up to assistant operations manager in 2018 before becoming operations manager in 2020, a position he held for over five years.

During that time, he managed support and onboarding functions across three regulatory frameworks and worked on policy development and compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term monitoring.

FinanceMagnates.com also recently reported that Erkin Kamran, former CEO of Traze, has stepped down from his role and is now working on a new startup that aims to offer currency, commodity, and crypto trading on a decentralized platform.

Management Scope Covered Three Jurisdictions

His responsibilities at ICM.com included implementing customer due diligence standards and serving as the primary contact for know-your-customer and anti-money laundering procedures. He participated in client assets and risk committee meetings while working with IT teams and third-party vendors on product launches and system migrations.

Before entering the brokerage industry, Anastasiou ran a wholesale and retail distribution business in Damascus, Syria from 2012 to 2016. That company distributed products from international manufacturers including Unilever across Damascus and surrounding areas. He also held sales management positions at Arab Orient Insurance Company and Syrian Telecom Service.

Traze operates under a Category 1 license in the UAE, which permits dealing in investments as principal and agent. In the first part of 2025, ICM.com also obtained its second license in the region, just over a year after its decision to exit the UK market.