The Lebanon-based financial institute, Credit Financier Invest (CFI) has opened up its first office in London, United Kingdom, after acquiring necessary regulatory permissions and other regulatory obligations within EU. CFI has been planning for its physical presence in the UK market which was missing for the long time.
CFI is a CySEC licensed entity and its London offices is the fifth one globally and second one within EU. It has physical presence in Beirut, Amman, Dubai and Larnaca. The new office in London is located at 70 Gracechurch Street, recognised as the city’s financial district.
CFI has appointed, long time forex market veteran and CEO of Fixi PLC until June 2014. Richard Wynn as the manager of its London office. Richard has over 30 years of experience in the forex industry and after serving at Flexi PLC, he has taken several assignments as a Consultant on different domain other than forex. Most recently, he has been CEO of Sports Pro Management Consultancy Ltd. Prior to Flexi PLC, he was the Head of Institutional Fx at MF Global UK Limited. He has completed his educations as Royal Air Force Technician.
The founders and Managing Directors of CFI Financial Group Holding, Hisham Mansour and Eduardo Fakhoury commented:
“We are glad to launch our offices today in the city of London, the heart of the main global hub for the FX trading business. We would like to officially welcome Richard with us on the team and look forward to make this a great success for our Group.”
Richard Wynn also added:
I am thrilled to be joining the CFI family. It was important for me to be part of a company that not only understands, but adapts to a rapidly changing market. CFI has a strong background and long experience of client service, something akin to my own experience. The London branch gives CFI and its clients some wonderful opportunities.
The move to open a new office at London comes at a time, when most the retail Fx brokers are struggling with the new ESMA regulations which have led to decrease in volumes and client’s additions. With this, CFI looks determined to crack the tough European market and will continue investing in building the brand as customer acquisition cost is rising sharply.
Karthik Subramanian
Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.
