Mohamed Elsergany has left his role as Managing Director at PU Prime after nearly four years with the forex and CFD broker. The Dubai-based executive announced his decision on Monday, saying it was “time for the next move.”

Elsergany Confirms Exit

“After almost 4 years at PU Prime, I’ve decided to resign. Some decisions take time. Some decisions require clarity. Growth sometimes means walking away,” Elsergany wrote in his LinkedIn post.

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He joined PU Prime in 2021 as Managing Director for the MENA region before leading the company’s broader operations. Before that, he notably held senior positions at OnePro, Swissquote, and Forex.com. With more than 10 years of experience in business development and client operations across the trading industry, he is regarded as one of the notable MENA-based executives in the brokerage sector.

Read more: Mohammed Younis Becomes Noor Capital’s Brokerage CEO

Last month, PU Prime became the latest CFDs broker to secure a Category 5 license in Dubai from the UAE’s Capital Market Authority, formerly the Securities & Commodities Authority. The authorization allows the broker to introduce and promote CFD products offered by its offshore entities to clients in the UAE.

PU Prime Adds UAE License

The broker already operates under licenses in Mauritius, Seychelles, South Africa and Australia, the latter obtained through the acquisition of Admirals’ local business last year. Its entry into the UAE aligns with a broader trend of CFD brokers targeting Dubai as a regional hub, drawn by rising client demand and a clearer regulatory framework.

In another recent leadership changes in the region’s brokerage space, Mohammed Younis became the CEO of Noor Capital’sbrokerage division, marking the latest chief executive change at a Dubai-linked forex and CFDs broker. He stepped into the role after serving about nine months as Acting CEO of the unit.​

The Abu Dhabi- and Dubai-headquartered firm, established in 2005, is licensed by the UAE Securities and Commodities Authority, now the Capital Market Authority, and offers retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term in forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, commodities, indices, metals and share CFDs.