MultiBank Group said it has formed a predominantly Emirati board of directors for MultiBank Exchange Holding, after the firm reported that its trading platform recorded US$500 billion in monthly trading volume during October 2026.
The board will be chaired by Naser Taher, with H.E. Mohammed Al Hakim serving as Vice Chairman of MultiBank Exchange Holding. The group said the board will oversee the holding company’s strategic direction, strengthen corporate governance and guide MultiBank Exchange’s international expansion.
Board composition
MultiBank Group listed the following board members:
- Mr. Naser Taher, Chairman
- H.E. Mohammed Al Hakim, Vice Chairman
- H.H. Sheikh Juma bin Maktoum bin Juma Al Maktoum, Board Member
- H.E. Sheikh Mohammed bin Saqr bin Rashid Al Nuaimi, Board Member
- H.E. Ali bin Khalid bin Zayed Al Falasi, Board Member
- H.E. Rashid Sultan Al Malik, Board Member
- Mr. Majid Al Ghaslan, Board Member
- Mr. David Ogg, Board Member
Announcement tied to Dubai Future Finance Week
MultiBank said the announcement was made during its participation as a co-host of Dubai Future Finance Week. During the event, the group also unveiled MultiBank Exchange and presented its capabilities to clients and institutional partners.
What MultiBank Exchange is
MultiBank Exchange, described by the group as an interbank trading platform, serves banks, financial institutions, hedge funds, family offices and derivatives brokers. The firm said the platform connects more than 30 tier-one banks and liquidity providers, and provides access to more than 250 currencies.
The group cited daily trading volumes of up to US$21 billion (AED 77 billion). It also stated that MultiBank Exchange offers double exotic currency pairs with settlement in both fiat currencies and digital assets.
In addition, MultiBank said the platform’s matching engine operates at 400 nanoseconds, and that it is designed to provide credit and settlement services to all counterparties.
According to the company, MultiBank Exchange combines institutional liquidity with settlement services through MultiBank Group’s regulated subsidiaries in Australia, Singapore and the UAE. The firm added that it is the first interbank trading platform in emerging markets to support settlement in digital assets.
Company comments
MultiBank Group Founder and Chairman Naser Taher said the board formation brings together experience intended to guide the company’s development and international expansion, adding that the group aims to strengthen connections between financial institutions across the GCC, BRICS and other emerging markets and the global financial system. He said the company’s focus is building “technology, liquidity and settlement infrastructure” for institutions participating in international markets.
H.E. Mohammed Al Hakim, Vice Chairman of MultiBank Group and CEO of mb.io, said emerging markets’ financial institutions need better access to global liquidity and more ways to settle cross-border transactions. He said MultiBank Exchange is intended to connect traditional and digital finance and make cross-market trading easier for institutions and their clients.
