CFI Appoints Federico Cirulli as Chairman
CFI Financial Group has appointed Federico Cirulli as Chairman of the Board. The appointment is a new stage in the Group’s development as it keeps growing into a more institutional and scalable organisation. The move comes after a record trading performance and continued international expansion.
Leadership Structure
CFI is gradually toughening its leadership with the Group's growth. In June 2025, CFI appointed Ziad Melhem as Group Chief Executive Officer. In November 2025, the Group also strengthened its Board of Directors by appointing independent members. Cirulli joined CFI’s Board in October 2025. Now, he will take over as Group Chairman. As part of the leadership changes, Co-Founders Hisham Mansour and Eduardo Fakhoury will move from their roles as Chairman and Vice Chairman to become Non-Executive Directors. Both will remain on the Board and keep supporting the Group. CFI’s executive management team and strategy will stay in place.
Who is Federico Cirulli?
Cirulli has more than 20 years of experience in regulated financial services. He has held CEO and senior executive roles in brokerage and asset management. Before joining CFI, he served as CEO of Swissquote UK. He also held senior positions at MIG Capital, CMC Markets and ActivTrades. His experience covers business leadership, governance, regulation, international growth and the scaling of regulated financial services businesses. As Chairman, Cirulli will work with the Board and management team on CFI’s next growth stage. He will work on scalability, operational excellence and international expansion.
What Executives Say
Hisham Mansour said the transition shows CFI’s long-term approach to building the business beyond its founders. He stressed his long working relationship with Cirulli and said they have similar views on building a business for the long term. Mansour also stressed that he and Eduardo Fakhoury stay totally invested in CFI’s success. He expressed confidence in Cirulli and the team as the Group enters its next chapter.
Group CEO Ziad Melhem linked CFI’s growth to its responsibilities. He pointed out that entering new markets means dealing with new licences, regulators, and clients who expect the company to operate for the long term. For Melhem, scale creates obligations as well as opportunities. Therefore, he sees strong governance as just as important as business growth. He welcomed Cirulli as Chairman and said the appointment would bring a strong leadership standard to the Group.
Statement from Cirulli
Cirulli said his time on CFI’s Board had given a plunging understanding of the Group, its powers, and possibilities. He praised Mansour and Fakhoury for building CFI over more than 25 years. He also welcomed their ongoing involvement in the Group. As Chairman, Cirulli plans to work closely with the Board, Ziad Melhem and the management team. His role will provide clarity, constructive challenge, and support as CFI expands. He also stressed that CFI’s ambition is not simply to become bigger. The Group wants to build a stronger global financial institution, with its people at the centre. Everything while maintaining consistent execution, client trust, and long-term value.
About CFI Financial Group
Hisham Mansour and Eduardo Fakhoury established CFI in 1998. It is a global online trading provider based in Beirut. It offers diverse financial products such as Forex, commodities, and stocks. The company offers equities, currencies, commodities, and other trading options with zero-pip spreads, no commission fees, and ultra-fast execution.
Wrapping Up
Federico Cirulli’s appointment is a milestone in CFI Financial Group’s evolution. With Mansour and Fakhoury remaining on the Board, Ziad Melhem guiding the team and Cirulli taking the Chair, CFI is preparing its leadership structure for its next growth stage.
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