ICM MENA CEO Ahmed Kamal has been promoted from regional manager to lead the brokerage’s Middle East and North Africa business. Kamal joined the firm in March 2019 as a business development manager.

Key Takeaways

  • Kamal previously held business development, team leadership and regional management roles at ICM.
  • He said he will focus on relationships with traders and partners.
  • ICM says its UAE entity is licensed to promote and introduce financial products and services.

ICM MENA CEO’s career and priorities

Kamal’s earlier roles at the company included senior business development manager and regional team leader. ICM said he has more than a decade of financial-markets experience, including work in foreign exchange, business development and team leadership.

ICM founder and chairman Shoaib Abedi said the promotion recognized Kamal’s contribution to the company and his work building the MENA team. Kamal said he plans to strengthen relationships with traders and partners and maintain the firm’s service.

The company did not disclose financial targets or a detailed strategic plan alongside the appointment. It also did not say whether the role changes Kamal’s responsibilities beyond the MENA business.

UAE entity’s stated licence

ICM MENA operates through ICM Mena Securities and Financial Products Promotion L.L.C. The company says the entity holds UAE Capital Market Authority Category 5 licence No. 20200000260, covering the promotion and introduction of financial products and services.

The announcement does not say that the local entity executes trades, holds client funds or acts as a transaction counterparty.

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