Scope Prime Hires LP Prime's Ashraf Mushasha to Sell Liquidity in MENA

Scope Prime has hired Ashraf Mushasha away from LP Prime to sell liquidity in the Middle East and North Africa, giving the provider a dedicated sales presence for a region where broker demand for counterparty flow has been building.

Mushasha joins from LP Prime, a firm active in the same part of the market. His mandate at Scope Prime centers on distribution, bringing the company's liquidity offering to brokers and institutional counterparties operating across MENA.

The appointment is a sales-side hire rather than a product or technology change, and reflects the weight liquidity providers place on local coverage when competing for broker flow. Scope Prime has not disclosed further terms of the move.

Other broker and fintech news in brief

• Capital.com appears to be moving into the UK crypto market.
• Devexperts has won approval in Indonesia.
• Tickmill UK's trading revenue has fallen.
• Trade Republic gave some Portuguese clients two days to switch accounts.
• eToro and Alpaca received relief from the US Securities and Exchange Commission.
• The European Central Bank launched Pontes.
• Revolut outlined a low-lending banking model.

Separately, payments specialist Paytiko used a Finance Magnates webinar to argue that reliance on a single payment service provider exposes online merchants to operational and payment risk as they scale. The session covered multi-PSP orchestration and smart routing, including routing decisions based on approval rates, cost and geography, the use of cascading and failover to keep transactions flowing, and the role of crypto, stablecoins and open banking in a broader payments mix.

Finance Magnates also published a studio interview with Simon Andras, co-founder of Simon Says Mindset, on why companies struggle to convert strategy into results. Andras pointed to structural, communication, leadership and performance issues as common obstacles, argued that third-party diagnosis can surface problems leadership teams miss, and said long-term change matters more than short-term motivation.