MultiBank Group Appoints Mohammed Al Hakim as Vice Chairman

MultiBank Group has appointed Mohammed Al Hakim as Vice Chairman of the group and CEO of its cryptocurrency exchange division, MB.io. Al Hakim will lead the expansion of MB.io into new international markets and oversee the growth of MultiBank Exchange, a move that coincides with the launch of the exchange platform.

The appointment aligns with a broader strategy to integrate traditional financial markets with the digital economy. Al Hakim previously served as a regional executive at Crypto.com and as a UAE federal government official. His prior experience includes establishing partnerships with Emirates and Dubai Duty Free, as well as securing a Stored Value Facilities licence from the Central Bank of the United Arab Emirates for Crypto.com.

MultiBank Group, established in 2005 in the United States, reports a valuation of US$32 billion and recorded trading volumes of US$450 billion. The group's founder and chairman, Naser Taher, stated that the appointment is a step toward building a globally integrated financial ecosystem.