Elie Aoun, a long-time Chief Government
Officer of Credit score Financier Make investments (CFI) in Cyprus, has joined the
Administrative Committee of the Cyprus Investor Compensation Fund (ICF). The CEO introduced the brand new position on Friday on LinkedIn.
Aoun, who joined CFI Cyprus in
February 2013, has been the CEO of the net buying and selling supplier for over a decade
now. The corporate is a subsidiary of the CFI Group, a holding firm that
gives a collection of buying and selling platforms to particular person and institutional
buyers.
Aoun’s appointment by the Cyprus
Securities and Alternate Fee (CySEC) comes a month after the Cypriot
monetary watchdog withdrew the ICF membership of three ex-Cyprus Funding Companies (CIFs), Inveza
Capital, F1Markets and FF Easy and Good Trades Funding Companies, after they opted to surrender their CIF licenses.
The ICF is a fund accessible to
eligible CIFs aside from credit score establishments. The fund gives safety to purchasers of member
CIFs when claims come up towards the
firms.
Other than CIFs, different corporations comparable to branches of
funding corporations and a third-country funding agency, different
funding fund managers and Undertakings for Collective Funding in
Transferable (UCITs) administration firms, may be a part of the
ICF.
In response to Salvus Funds,
sources of ICF funds embody revenue from the ICF’s funding operations,
donations and voluntary causes and unclaimed buyer funds. In
addition, funds transferred to the ICF below the process for the suspension and
withdrawal of working license develop into the ICF’s after three years from the
date of switch.
CIF Monetary Continues Robust
In the meantime, CFI Monetary, which
operates regulated subsidiaries in London, Larnaca, Beirut, Amman, Dubai and Port
Louis, has remained robust in enterprise. In the course of the first three quarters of
2022, the worldwide monetary markets supplier reported a 94% progress in its buying and selling quantity. The corporate’s new buyer
acquisition additionally jumped by 155% year-over-year, which is a progress sample much like new accounts added in the course of the interval.
CFI Monetary, which is closely centered in
the Center East, lately disclosed plans to develop to different jurisdictions with
the acquisition of recent licenses, The dealer, which lately
debuted in Egypt with the acquisition native dealer, El
Mahrousa, says it plans to open new
workplaces in Africa, Center East and North Africa, and Latin America.
Elie Aoun, a long-time Chief Government
Officer of Credit score Financier Make investments (CFI) in Cyprus, has joined the
Administrative Committee of the Cyprus Investor Compensation Fund (ICF). The CEO introduced the brand new position on Friday on LinkedIn.
Aoun, who joined CFI Cyprus in
February 2013, has been the CEO of the net buying and selling supplier for over a decade
now. The corporate is a subsidiary of the CFI Group, a holding firm that
gives a collection of buying and selling platforms to particular person and institutional
buyers.
Aoun’s appointment by the Cyprus
Securities and Alternate Fee (CySEC) comes a month after the Cypriot
monetary watchdog withdrew the ICF membership of three ex-Cyprus Funding Companies (CIFs), Inveza
Capital, F1Markets and FF Easy and Good Trades Funding Companies, after they opted to surrender their CIF licenses.
The ICF is a fund accessible to
eligible CIFs aside from credit score establishments. The fund gives safety to purchasers of member
CIFs when claims come up towards the
firms.
Other than CIFs, different corporations comparable to branches of
funding corporations and a third-country funding agency, different
funding fund managers and Undertakings for Collective Funding in
Transferable (UCITs) administration firms, may be a part of the
ICF.
In response to Salvus Funds,
sources of ICF funds embody revenue from the ICF’s funding operations,
donations and voluntary causes and unclaimed buyer funds. In
addition, funds transferred to the ICF below the process for the suspension and
withdrawal of working license develop into the ICF’s after three years from the
date of switch.
CIF Monetary Continues Robust
In the meantime, CFI Monetary, which
operates regulated subsidiaries in London, Larnaca, Beirut, Amman, Dubai and Port
Louis, has remained robust in enterprise. In the course of the first three quarters of
2022, the worldwide monetary markets supplier reported a 94% progress in its buying and selling quantity. The corporate’s new buyer
acquisition additionally jumped by 155% year-over-year, which is a progress sample much like new accounts added in the course of the interval.
CFI Monetary, which is closely centered in
the Center East, lately disclosed plans to develop to different jurisdictions with
the acquisition of recent licenses, The dealer, which lately
debuted in Egypt with the acquisition native dealer, El
Mahrousa, says it plans to open new
workplaces in Africa, Center East and North Africa, and Latin America.
