MultiBank is pleased to announce yet another addition to the Group’s global offices with the establishment of a new branch in Turkey. The subsidiary, MEX Financial Technologies (company number: 210352-5), will focus on developing the Group’s trading technologies and tools, and further enriching its overall services offered globally.

To kick off the launch, MEX Financial Technologies hosted an opening event over the weekend in the heart of Istanbul, as CEO Demir Savatli and CTO Yigit Demirelli delivered speeches to welcome the new chapter.

We are thrilled to join one of the leading institutions in the Capital Markets field. Having formed an experienced, impeccable team, we look forward to further developing our infrastructure and tools to better serve our retail and institutional clients globally. In this ever-evolving and competitive industry, it is critical that we maintain our position as industry leaders by fully equipping ourselves with top of the line technologies, tools and offerings to stand out from our peers”, stated MEX Financial Technologies CEO Demir Savatli.

Prior to joining MultiBank, Mr. Savatli has had over 12 years of experience in the financial and foreign exchange industry, working in executive positions of regulated entities worldwide. His expertise is in the online trading sector, with a particular focus in Forex, Options, Futures and CFD, IT tool developments and integrations.

Mr. Demirelli also comes from the financial technology sector. Having previously led the development of numerous successful trading systems and other financial technology products, he has been in the industry for 17 years. Mr. Demirelli specializes in risk management products, automated hedging systems, backoffice platforms, price aggregation pools and trading APIs.