Mr Khan will be responsible for the strategic direction of the business as well as ensuring that the BFX meets its objective of being the leading multi asset exchange in the region.
Mr Khan is an exchange professional with more than 12 years of experience focusing on the development of exchanges in the emerging markets. He was the earlier head of communications with the Financial Technologies Group and was responsible for the setting up of Dubai gold and commodities exchange in the UAE. He also undertook the expansion of the group’s presence in the MENA region by spearheading the operations of Financial Technologies Middle East (FTME).
Additionally, the BFX has appointed Tawfiq Al Alawi, the personal secretary to prime minister Prince Khalifa Bin Salman Al Khalifa, as member of the board of BFX and BCDC. Mr Al Alawi will contribute to the strategy of the exchange via his presence as an independent non-executive board director.
Mr Al Alawi was appointed as the personal secretary in January 1988. Prior to this role, he spent nine years in marketing affairs with Gulf Air and has also worked within the ministry of information.
The board of BFX and BCDC, said: “The BFX team is proud to have Mr Arshad Khan and Mr Tawfiq Al Alawi on board. Under Mr Khan’s leadership of our committed team there is no doubt that the BFX will be a true leader in the exchanges space. We also welcome Mr Al Alawi on board and we look forward to continuing to work with them both in this exciting venture.”
Mr Khan said: “There are a number of activities and innovations that we are working on; however the first major milestone will see the launch of the BFX. Once this has been achieved I look forward to congratulating the team on establishing the BFX as the market of choice in the MENA region for multi asset trading across both conventional and Islamic products.”
