MultiBank Group, a US$32 billion financial derivatives and brokerage services provider, has appointed Emirati executive Mohammed Al Hakim as Vice Chairman and CEO of MB.io. This strategic move aims to expand the group's international presence and develop partnerships with financial institutions, governments, and sovereign wealth funds.
Al Hakim will work closely with Naser Taher, Founder and Chairman of MultiBank Group, to oversee the growth of MB.io and MultiBank Exchange. His responsibilities will include expanding the group's capabilities in real-world asset tokenization, institutional trading, and cross-border settlement solutions, as well as introducing MB.io to new international markets.
Background and Experience
Prior to joining MultiBank Group, Al Hakim served in a senior leadership role at Crypto.com, where he played a crucial part in establishing partnerships with major companies, including Emirates and Dubai Duty Free, to introduce cryptocurrency payment services in the aviation and travel retail sectors. He also obtained a Stored Value Facilities license from the Central Bank of the UAE for Crypto.com, a significant milestone for the company.
During his tenure at Crypto.com, Al Hakim led the company's efforts to increase its presence in the UAE, resulting in a substantial increase in monthly transaction volumes. He also advanced a digital payments initiative with Dubai's Department of Finance and developed institutional relationships with regulators, banks, and international companies.
Statement from Naser Taher
Naser Taher, Founder and Chairman of MultiBank Group, stated that Al Hakim's appointment represents an important step in their strategy to build a globally integrated financial ecosystem. Taher emphasized that Al Hakim's understanding of regulatory environments, institutional markets, and digital assets will be instrumental in advancing their international ambitions.
Al Hakim expressed his honor in joining MultiBank Group at a pivotal stage in its development. He emphasized the significance of the convergence of traditional finance and digital assets, creating opportunities to reshape how institutions and investors access global markets. His priority will be to translate the group's international ambitions into commercial results and establish trusted partnerships.
What the Appointment Means for MultiBank Group
The appointment of Mohammed Al Hakim as Vice Chairman of MultiBank Group and CEO of MB.io marks a significant step in the group's strategy to expand its activities across traditional financial services, digital assets, and financial technology. With a focus on institutional partnerships and international market expansion, MultiBank Group is poised to strengthen its position in global financial markets.
- Expanding the group's capabilities in real-world asset tokenization
- Introducing MB.io to new international markets
- Establishing trusted partnerships with financial institutions and governments
As MultiBank Group continues to grow and expand its presence in the global financial markets, the appointment of Mohammed Al Hakim is expected to play a crucial role in driving the group's success. With his extensive experience in cryptocurrency and digital assets, Al Hakim is well-positioned to lead MB.io and contribute to the growth of MultiBank Group.
