MultiBank Group’s Chief Development Officer Ruslan
Abuzant is leaving the firm after serving for two years. Abuzant joined the
group in 2022 and has held several roles, including Head of
Information Technology, Head of Product Development, Chief Strategy Officer,
and Chief Development Officer.
Experienced Engineer
In a LinkedIn post, Abuzant remarked: “After two
incredible years, today I announce my departure from Multibank. It has been an
honor to be part of such a dynamic and dedicated team. I am immensely grateful
for the opportunity to meet and work alongside each and every one of you.”
“The journey has been filled with challenges,
growth, and a lot of fun. Together, we’ve achieved remarkable milestones, and
I’ve had the privilege to witness firsthand the power of teamwork and
dedication. Climbing the corporate ladder and achieving success would not have
been possible without your unwavering support and commitment.”
Founded in 2005, MutiBank Group was established in
California and is headquartered in Dubai. The company offers a range of online
trading financial products, including forex, commodities, and CFDs.
MultiBank Group’s Expansion
Recently, MultiBank launched an institutional investor
electronic communication network dubbed MEX Exchange. The new platform offers
liquidity on spot FX, precious metals, and commodities. It is based in Dubai
and plans to expand to over 20 offices globally.
In the official announcement, MultiBank noted that its new Middle-East-based platform is challenging the dominance of the USA and Europe in the global ECN market.
Meanwhile, MultiBank reported a record-breaking
results for the third quarter in 2023. The group recorded a revenue of US$
112,365,577 and a trading turnover of US$3 trillion, making it the most
successful quarter in the history of the group. This growth was driven by the
group’s continued expansion.
Elsewhere, MultiBank obtained a license from the Cyprus Securities and Exchange Commission (CySEC) to expand its derivatives brokerage services in Europe last year. The group mentioned that the approval was extended to its local Cypriot subsidiary, MEX Europe.
This article was written by Jared Kirui at www.financemagnates.com.
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