Mohammed Mulla has left Finalto after more than 16 years with the institutional liquidity and trading technology provider, the company confirmed. Mulla joined in December 2009 and most recently served as Vice President for the Middle East and North Africa and Asia. He described his departure as the beginning of an 'exciting new chapter' but has not disclosed his next position. His exit follows a period during which Finalto expanded its regulated presence in the Middle East, including securing regulatory authorization for Finalto Financial Services MENA in the United Arab Emirates in 2025.
Mulla Departs Finalto After 16-Year Tenure
Mulla joined the business in December 2009, shortly after the launch of CFH Markets. His tenure covered almost the entire operating history of the business in its various forms, making him one of Finalto's longest-serving executives.
'After more than 16 incredible years, the time has come for me to say goodbye to Finalto and begin an exciting new chapter,' Mulla said in a public statement announcing his departure.
Finalto's official corporate history lists a separate Singapore entity, Finalto Asia, as authorized by the Monetary Authority of Singapore, placing both regions covered by Mulla's role within the company's broader international expansion strategy.
CFH Markets Evolution Into Finalto
Mulla joined CFH Markets during its early development, when the company was building a business focused on providing institutional execution, liquidity and white-label services to brokers and professional trading firms. CFH Markets was founded in 2008, during the global financial crisis.
The company changed its name to CFH Clearing in 2013 to emphasize its position as an institutional execution and clearing provider. Playtech acquired CFH Group in 2016 as part of an effort to strengthen its business-to-business financial trading division.
The operation was subsequently combined with Playtech's other financial businesses under the TradeTech Group name. TradeTech was later renamed Finalto, bringing the group's institutional liquidity, trading technology and retail-facing operations under a single brand.
Mulla referenced that history in his departure statement, saying he had been part of the company's development 'from CFH's early beginnings during the 2008 financial crisis to its evolution into Finalto.' He added that the period included acquisitions, corporate transformation and international growth.
Gopher Investments Acquires Finalto for $250 Million
Playtech agreed to sell Finalto to Gopher Investments in September 2021. The transaction valued Finalto at an enterprise value of $250 million in cash. Playtech shareholders approved the disposal in December 2021, and the sale was completed in July 2022 following the required regulatory clearances.
The deal ended Finalto's period as Playtech's financial trading division and placed the company under the ownership of Gopher Investments. Playtech said at the time that the disposal was part of its strategy to simplify the wider group and release capital.
Mulla remained with the company throughout the transition, continuing to oversee relationships and business development across MENA and Asian markets.
Mulla's Career Background in Institutional Trading
Before joining CFH Markets, Mulla briefly worked as an associate at European Finance House in London, an investment management business focused on Sharia-compliant funds and investments.
He previously spent just over a year at ODL Securities, where his role covered clients in Europe, the Middle East and Africa and included foreign exchange, commodities, equities, futures, options and CFDs. His responsibilities at ODL also included corporate partnerships, introducing broker relationships, white-label arrangements and Islamic finance structures for clients in the Gulf, India and Pakistan.
Earlier in his career, Mulla worked in property investment and development at Lake View Real Estate in London and Dubai. He began his financial career as an auditor with Ernst & Young in Jeddah, Saudi Arabia.
In his departure statement, Mulla said the company's people and commercial relationships were more important to him than its corporate milestones. 'I've had the privilege of working alongside exceptional colleagues, visionary leaders, trusted partners, and clients across the globe,' he said. 'Together, we navigated changing markets, embraced challenges, built enduring partnerships, and created something far greater than any individual could accomplish alone.'
Mulla did not name a successor or provide details about his next business venture. Finalto has also not announced whether his regional responsibilities will be assigned to an existing executive or filled through a new appointment.
Finalto currently provides liquidity, risk management and trading technology services to brokers and institutional financial firms. Its offering includes multi-asset liquidity, execution, connectivity, risk tools and technology infrastructure.
FAQ
What role did Mohammed Mulla hold at Finalto before his departure?
Mohammed Mulla most recently served as Vice President for the Middle East and North Africa and Asia at Finalto. He joined the business in December 2009, shortly after the launch of CFH Markets, and remained with the company through multiple ownership changes and rebranding efforts.
When did Gopher Investments acquire Finalto from Playtech?
Playtech agreed to sell Finalto to Gopher Investments in September 2021 at an enterprise value of $250 million in cash. Playtech shareholders approved the disposal in December 2021, and the sale was completed in July 2022 following regulatory clearances.
What regulatory authorization did Finalto secure in the UAE?
Finalto secured regulatory authorization for Finalto Financial Services MENA in the United Arab Emirates in 2025, strengthening its regulated presence in the Middle East during Mulla's tenure as VP for the region.
