Mohammed El Alaoui Essosse announced that he has taken over as Chief Executive Officer of the offshore CFD broker Zarvista Capital Markets. He takes over from Jamsheer Thazhe Veettil, who has held the role for more than five years.

“I’m grateful to share that I’ve been appointed as the Chief Executive Officer of Zarvista Capital Markets. My journey in the financial markets has taken me through different roles over the years, from building brokerage operations to working closely with partners and teams focused on growth and innovation” Essosse mentioned on Monday.

From Africa Business Development

Essosse moves into the role after serving as Head of Business Development and Director of Africa at Zarvista Capital Markets. He has held that position in Dubai since 2023. Before joining Zarvista, he worked as Senior Business Development Manager at online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term broker AUS Global.

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Earlier, he had a stint at INFINOX Capital as Sales Manager, also in Dubai. Across these roles, he gained experience in building brokerage operations and working closely with partners and growth-focused teams.

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Commenting about his exit from the role, veettil said: “I am proud of what we built, the people who stood beside me, and the foundation we created together. Every milestone achieved and every challenge faced has contributed to the strength and character of this organization. At this stage, I believe the company is ready for a new phase under new leadership, and I am confident it will continue to evolve and grow.”

Focus on Growth and Evolving Markets

In another recent change, Jean-Raphael Nahas left his role as Group Chief Operating Officer at Zarvista last October. He had held the role for over two years. Before joining Zarvista, Nahas was Managing Director at BUX in Cyprus, Chief Operating Officer at Fintractive, and Chief Executive Officer at IMS Markets.

Formerly, ZaraFX, Zarvista operates through two main entities: Zarvista Capital Markets (MU) Ltd in Mauritius and Zarvista Capital Markets Ltd in Mwali, Comoros. The Mauritius entity is registered as an Investment Dealer and authorized by the Mauritius Financial Services Commission, while the Comoros entity is licensed by the Mwali International Services Authority.

The broker lists Mauritius as its main headquarters, with the Comoros address used for its Mwali registration and licensing. It also maintains operational offices in Dubai and in Cyprus, supporting its global retail business.