Dany Mawas Appointed CEO of Markets.com South Africa

January 02, 2024 - Markets.com, the B2C division of Finalto Group, has confirmed Dany Mawas as the incoming CEO for its South African operations. Mawas, with over a decade and a half of international financial expertise, predominantly in investor relations, sales, and managerial capacities within brokerage and asset management, is set to advance the firm's strategic initiatives in the region.

Matthew Maloney, CEO of Finalto Group, remarked on the appointment, "We are delighted to welcome Dany to lead our South African business. His unrivalled experience, superb knowledge of the market and strong desire to achieve the best outcomes for clients will help drive our business to new levels. Dany brings with him an experienced team and has the full backing of the Markets.com world-class infrastructure and product suite.”

Mawas's career includes roles such as Group Chief Commercial Officer at RaiseFX, where he was instrumental in expanding the company's global footprint, introducing and developing the brand in various regions including the MENA, Southeast Asia, and Africa, and opening 5 new offices globally in less than 3 months. His efforts in seeking strategic partnerships with Top Tier 1 Banks, Fintech companies, and established funds managers were key to this success. Additionally, his 8-year tenure at FXCM as Managing Director UK & Africa saw significant growth in trading volumes under his leadership. Dany is also a respected figure in the African financial media, regularly contributing to channels such as CNBC Africa, IOL News, Africanews and more. His experience and insights are expected to drive significant growth for Markets.com, fostering long-term relationships and collaboration with local talent and partners.  

Dany Mawas, markets.com new South Africa CEO, expressed his vision, “I am thrilled to join such a world-renowned CFD broker and play a role in shaping its future growth. By combining strategic partnerships and superior client service, we aim to transform the industry; offering unmatched trading conditions and regulatory compliance solutions for all types of clients and brokerages.”

Mawas plans to utilize Markets.com's ODP license and varied trading platforms to enhance the accessibility and equity of trading in the area. The company aims to foster substantial, enduring partnerships within the local financial community, emphasising not only commercial expansion but also the cultivation of an informed trading community.