There has been a staff shack-up at FCA-regulated broker ATFX, according to Finance Magnates. Mohamed Halim, who was previously Institutional Business Development Manager at ATFX and based in Dubai has moved on to lead development in the MENA region for TeraFX, starting in September. Concurrently, ATFX has brought on Michael O’Sullivan as Project Manager to lead the company’s new phase of growth.
Mohamed Halim will take on the role of Regional Head of Business Development for Tera Europe Limited – DIFC, a DIFC branch of Tera Europe Limited (UK), which is regulated by the FCA. As indicated by Finance Magnates, Halim will be responsible for managing business development for the company’s operations in the region. He will also lead the expansion of Tera FX into the Middle East. Prior to working for ATFX, Halim was a Sales Manager for the MENA region for GKFX for just under three years.
Michael O’Sullivan brings some 14 years of experience to ATFX from his previous role at CMC Markets where he was most recently tasked with partnerships, operations and implementations, as well as helping the company develop and execute a universal sales strategy for its global operations. Mr. O’Sullivan also has cross functional experience in product and project management and operations delivery combined with extensive background on software development.
The staff changes come as ATFX is entering into a new phase of expansion, specifically in Asia with a focus on localizing its services and product sets. The company’s latest financial results from October 2019 indicate that while the broker booked a loss for its financial year, it still experienced a sizable uptick in turnover and other metrics since its launch several years ago. Further share capital investments in April and July of 2020 all but confirm that the company is poised to continue its planned expansion.
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