MICT Names Richard Abrahams as Managing Director and Global Head of Brokerage

The leading global fintech MICT​, Inc. (Nasdaq: MICT) announced on Monday that it has appointed Richard Abrahams as Chief Executive Officer of the stock trading and wealth management business.

Richard brings more than 35 years' experience in the financial services industry to MICT. He is a highly experienced and accomplished executive and business leader, having held senior roles in China, the USA and Europe.

Previous positions held by Richard include Managing Director at NatWest Securities USA, Executive Managing Director and Head of Equities at HSBC Securities (USA) Inc., Director and Head of European Trading at Chartered House Securities / ING Bank and most latterly, Managing Director and Head of Equities at Everbright Sun Hung Kai Company Limited HK (international subsidiary of Everbright Securities (6178 HK) and the Everbright Group).

​Darren Mercer, CEO of MICT, said: "We are delighted to welcome Richard to GFHI. His unique background of successfully building brokerage firms and significant senior executive experience at some of the most successful and largest banks in China, the USA and Europe, brings enormous value to us at our stage of development, as we embark on capitalising from this very significant and rapidly expanding industry."

"We look forward to Richard leading our stock-trading and wealth management business in the rapidly growing retail investor market in China, where online stock trading volumes had already reached U.S.$2 trillion in 2019 and are expected to grow significantly further in 2020 and beyond."