Mubasher Financial Services appoints new Managing Director in Egypt

Mubasher Financial Services (MFS), one of the leading regional financial institutions and a subsidiary of National Technology Group (NTG), has announced the recent appointment of Ehab Rashad as Managing Director of Direct Broker for Securities, Mubasher in Egypt. Rashad, who brings 16 years of hands-on regional trading experience, was previously Head of Trading since 2005 at Direct Broker for Financial services – Dubai. 

Ehab Rashad, Managing Director, Direct Broker for Securities – Mubasher, Egypt, said:  “Egypt offers immense growth potential and I am certainly looking forward to sustaining Mubasher’s success in the Egyptian market, while looking for new opportunities to enhance the quality of our services and ultimately boost our growth performance. For the past several years, Mubasher has been consolidating its market stronghold through its wide array of powerful and innovative investment solutions. I will therefore focus on creating greater awareness about our world-class services and to reach out to more investors in Egypt who are looking for the right tools that will help optimise their investment potential.” 

Malek Kanawati, CEO, Mubasher, said: “Rashad has demonstrated exceptional leadership skills and technical know-how that make him the ideal person to lead our operations in Egypt. He has been an outstanding team leader in Dubai and we are confident that he will be equally motivated to sustain the success that we have achieved in the Egyptian market.” 

Mubasher Financial Services is a subsidiary of NTG that offers direct market access (DMA) to Middle Eastern and leading international stock markets through a single trading hub. The company supports both electronic and manual Straight-Through-Processing order execution on multiple markets including GCC, MENA region, South East Asian Markets, and US markets. It offers brokerage services via various trading platforms, dealer-assisted order placing, research, and a dedicated relationship manager.