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Hussein Al Sayed will share his global market and macroeconomic expertise with IG Group's key stakeholders
Dubai, UAE: IG Group (IG), the world's leading online trading company, announces today the appointment of Hussein Al Sayed as Chief Market Strategist in the MENA region. Hussein will be based in IG's Dubai office and will continue to host the CNBC Arabia Bursat Al Alam show.
Hussein is widely considered to be one of the region's leading commentators on macroeconomic issues, specifically trends within international equity and foreign exchange markets. In his role at IG, he will provide expert analysis on a range of markets worldwide, including indices, currencies, equities, commodities, bonds and interest rates, to the company's key stakeholders, which include current clients, prospective customers and the media. In addition, he will also run seminars for current traders, and interested members of the public, at IG offices in the DIFC, Dubai.
Hussein is best known for his role as an anchor at CNBC Arabia hosting the popular evening business show, Bursat Al Alam. Prior to joining the broadcast network, Hussein spent several years working in the financial services sector as a dealer, trader and analyst covering equities, credit, and foreign exchange markets.
Kyp Zoumidou, Senior Executive Officer, IG UAE and Head of the Dubai Office, said "Having worked as a lead presenter at CNBC, in addition to his previous experience in financial services, Hussein is uniquely placed to provide valuable insights on the markets to our clients. Hussein has an expert understanding of the global macroeconomic landscape and his appointment further reinforces IG's commitment to providing clients with first-rate information on which to base their trading strategies."
Hussein Al Sayed, Chief Market Strategist at IG Group, said: "I am delighted to have joined the global leader in the retail trading industry. IG Group's industry-leading online trading products and services, and its commitment to technological innovation, ensures that clients are best-positioned to make informed investment decisions and take advantage of movements in a wide range of markets. I look forward to working with Kyp and IG Group's global team of expert analysts and sharing my observations with our key stakeholders."
Hussein's appointment follows the opening of IG's Dubai office, marking the firm's entry into the Middle East, following successful regulatory approval from Dubai Financial Services Authority (DFSA). IG offers retail investors in the UAE access to over 10,000 markets providing a unique set of derivatives trading services, including trading contracts for difference (CFDs) and foreign exchange.
IG Limited (Dubai Office) is part of IG Group Holdings Plc, a member of the UK's FTSE 250 with a market capitalization of $3.96 billion (AED14.5bn). IG Group has offices in 17 countries and over 136,100 active clients worldwide.
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About IG:
IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries.
Established in 1974, IG's aim is to become the default choice for active traders globally. It is already an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex.
IG is publically listed on the London Stock Exchange (LSE) and is a constituent member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, US and now in the UAE.
IG limited is regulated by the DFSA with a registered office in the DIFC.
*Based on revenue excluding FX, published financial statements, July 2014.
* Contracts for difference (CFDs) allow traders to open a contract for the difference in price of an asset, from the point of opening to the point it is closed.
CFDs are leveraged products that come with significant benefits and risks: investment capital can go further, but investors can also lose more than your initial deposit.
CFD trading allows traders to take a position on the future value of an asset based on whether they think it will go up or down. While this means the product is very flexible, it also requires a high level of risk management.
It's important to remember that clients are trading contracts with IG, not physically trading in the underlying market. This means they don't actually own any assets.
For further information, please contact:
Ghada Rabah
Marketing Manager
IG; DIFC, UAE
Tel: +971 4 5592030
Email: Ghada.rabah@IG.com
Ajith Henry or Jonathan Smith
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: +971 4 4507600
Email: ajith.henry@bm.com
© Press Release 2015
