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CFI Financial Group has appointed Federico Cirulli as its new independent chairman, replacing co-founder Hisham Mansour at the head of the board, while co-founder Eduardo Fakhoury steps down as vice-chairman. Both founders will remain on the board as non-executive directors. The leadership transition marks the second stage of a planned succession process that began in 2025 when Ziad Melhem assumed the role of group CEO, separating day-to-day management from the company's original founders.
This governance restructuring arrives during a period of rapid international expansion and record trading activity for the brokerage. CFI reported a massive $5.34 trillion in total trading volume for the first half of 2026, driven largely by elevated activity in metals and stock indices. The firm has expanded its global regulatory footprint to 15 entities, recently acquiring a brokerage license in Brazil and granting clients direct access to over 40 Dubai-listed equities.
For institutional observers and market participants, the transition to an independent chairman underscores CFI's push toward enhanced corporate governance as its operational scale expands. The addition of independent board members is expected to strengthen risk management oversight and support the group's ongoing expansion across emerging and regulated markets globally.
