UAE-based investment broker CFI Financial Markets has named Jareer Hiary as chief executive.
He succeeds Nidal Abdelhadi who is leaving the firm to pursue his own project.
Abdelhadi previously served as chief executive of CFI’s Dubai entity before he was appointed as chief executive of CFI Financial Markets, which is regulated by the UAE’s Securities and Commodities Authority (SCA).
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Hiary joined CFI in 2018 as an executive in its Jordan branch where he eventually became co-head of business development.
The appointment comes just after the firm launched its UAE entity as a category one licensed broker, the most capitalised category within the SCA licensing regime.
According to Hisham Mansour, co-founder and managing director of CFI Financial Group, the appointment reflects that “the UAE is a key market for us and is pivotal for the region”.