Plus500 secures regulatory licence & strengthens its strategic expansion in UAE

The global multi-asset fintech group, Plus500 which has over 25 million registered customers worldwide, has obtained a new regulatory license approval from the Dubai Financial Services Authority (DFSA) through its subsidiary Plus500AE in the Dubai International Financial Centre (DIFC).This license from the DFSA presents Plus500AE, whose parent company Plus500 Ltd is a FTSE 250 company listed on the main market of the London Stock Exchange (LSE), with significant growth opportunities in the burgeoning and dynamic UAE market. Approval of the new regulatory licence enables the company to provide a more localised experience to prospective customers in the UAE's online trading sphere through Plus500AE, complementing the group’s renowned user-friendly diverse offerings, innovation, and customer-centric approach.Additional customer benefits include the integration of local payment methods, and bespoke versions of the Plus500 trading platform, website, and mobile app, enabling access to the most popular financial instruments. The proprietary tech-based trading platform will enable UAE traders to engage in Over the Counter (OTC) or Contracts for Difference (CFD) products.Additionally, the platform's advanced analytics empower traders with real-time data, robust charting tools, and technical indicators, aiding informed trading decisions. It also ensures mobile accessibility on both iOS and Android smartphones and tablets.The establishment of the UAE subsidiary fortifies Plus500 group’s regulatory framework and complements the portfolio of regulatory licenses in markets such as the United Kingdom, Australia, Cyprus, Singapore, the United States, and Japan.According to the latest trends released by the Dubai Financial Services Authority (DFSA), the Middle East’s online trading industry is witnessing spectacular growth and is expected to reach US$1 trillion in value by 2025 with commonly traded assets including stocks, commodities, currencies, and cryptocurrencies.The intuitive and advanced trading platform allows customers to manage leveraged exposure appropriately with the aim of protecting potential profits and limiting exposure to losses.

Azimut Middle East appoints Vijay Sekhar as Head of Wholesale Distribution

 Dubai, UAE : Vijay Sekhar joins Azimut Middle East as Head of Wholesale Distribution Middle East reporting in to Maroun Jalkh, CEO of Azimut (ME) Limited and Head of Institutional Sales Middle East & Asia. Vijay brings over 20 years of experience in the investment management and wealth management industry, covering the Middle East, Africa and India.In his new role, Vijay will work towards strengthening and expanding Azimut’s presence in the region on both the conventional and Islamic segment. In addition to Maroun and Vijay, the team currently comprises Stephane Masini, Head of Key Clients. Prior to joining Azimut, Vijay has worked in the UAE with Natixis Investment Managers, Columbia Threadneedle and Citi Bank.Azimut Middle East now employs more than 30 people within the UAE and is the only global investment management company to be licensed and regulated by both DFSA and ADGM.