ACY Securities, a leading player in the global financial arena, has strategically appointed Dr. Nedal Alchaar as the Chief Economist for its Middle East and North Africa (MENA) division. Dr. Alchaar brings a wealth of experience in finance, economics, and academia to this prominent role, including his tenure as Syria’s Minister of Economy and Trade.
This appointment is a significant move as ACY Securities strives to enhance its presence in the rapidly evolving global financial landscape. It follows closely on the heels of ACY’s recent announcement of a new suite of futures CFD products covering forex, energy, and soft commodities.
Dr. Nedal Alchaar’s illustrious career includes significant roles at Fannie Mae and Johnson & Higgins in Washington D.C. He has also served as an adjunct professor of Economics and Finance at George Washington University and is a prolific author, specializing in Islamic Economics and Finance.
Dr. Alchaar’s contributions to Islamic Finance have earned him numerous accolades, including the His Highness Sheikh Mohammed Bin Rashid Al Maktoum Prize for Banking Excellence in 2006 and two Nobel Prize nominations. Arabian Business Magazine has recognized him as the eighth most influential business figure in the Arab World.
“Alla Darwish, ACY Securities MENA Managing Director, expressed, “His track record of success and his deep expertise in finance and economics make him an invaluable addition to our company. We look forward to working closely with him and leveraging his insights and knowledge to benefit our clients and partners.”
Dr. Alchaar’s hiring underscores ACY’s commitment to combining top-tier expertise with its core values of client-focus and technological innovation. His extensive experience and insights into Islamic Finance hold significant promise as ACY aims to expand its footprint in the MENA region, a market renowned for regulatory intricacies and a growing appetite for sophisticated financial products.
Dr. Alchaar himself emphasized ACY Securities’ commitment to corporate social responsibility and good governance. He stated, “ACY Securities’ firm conviction in corporate social responsibility and good governance will take it to new heights.”
As ACY Securities continues its global expansion efforts, Dr. Alchaar’s expertise is poised to become a cornerstone in navigating the complexities of the financial industry. The company is evidently optimistic about leveraging Dr. Alchaar’s skills to maintain a competitive edge in an industry that operates around the clock.
Dr. Alchaar concluded, “I thank the management at ACY Securities for their professional approach in creating the opportunity for us to work together towards advancing our scope and innovations, and to continue delivering superior services to our clients.”
