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.