Mohamed Elsergany has left his role as Managing Director at
PU Prime after nearly four years with the forex and CFD broker. The Dubai-based
executive announced his decision on Monday, saying it was “time for the next
move.”
Elsergany Confirms Exit
“After almost 4 years at PU Prime, I’ve decided to resign. Some
decisions take time. Some decisions require clarity. Growth sometimes means
walking away,” Elsergany wrote in his LinkedIn post.
Elsergany joined PU Prime in 2021 as Managing Director for
the MENA region before leading the company’s broader operations. Before that,
he held senior positions at OnePro, Tickmill, Swissquote, MIG Bank, Forex.com,
and BMFN Prime. With more than 12 years of experience in business development
and client operations across the trading industry, he is regarded as one of the
notable MENA-based executives in the brokerage sector.
Read more: Mohammed Younis Becomes Noor Capital’s Brokerage CEO
Last month, PU Prime became the latest CFDs broker to secure a Category 5 license in Dubai from the UAE’s Capital Market Authority (CMA),
formerly the Securities & Commodities Authority. The authorization allows
the broker to introduce and promote CFD products offered by its offshore
entities to clients in the UAE.
PU Prime Adds UAE License
The broker already operates under licenses in Mauritius,
Seychelles, South Africa and Australia, the latter obtained through the
acquisition of Admirals’ local business last year. Its entry into the UAE
aligns with a broader trend of CFD brokers targeting Dubai as a regional hub,
drawn by rising client demand and a clearer regulatory framework.
In another recent leadership changes in the region’s
brokerage space, Mohammed Younis became the CEO of Noor Capital’sbrokerage division, marking the latest chief executive change at a Dubai-linked
forex and CFDs broker. He stepped into the role after serving about nine months
as Acting CEO of the unit.
The Abu Dhabi- and Dubai-headquartered firm, established in
2005, is licensed by the UAE Securities and Commodities Authority, now the
Capital Market Authority, and offers retail trading in forex, commodities,
indices, metals and share CFDs.
This article was written by Jared Kirui at www.financemagnates.com.
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