Hormoz Faryar Named Managing Director at Sky Links Capital
Sky Links Capital has appointed former ATFX executive Hormoz Faryar as managing director. He will lead institutional business development as the MENA-focused CFD broker expands into global markets.
Hormoz Faryar has been appointed managing director of Sky Links Capital, the MENA-focused CFD broker. In the role, he will lead institutional business development and support the company's expansion into global markets. Faryar is based in Dubai and brings more than 25 years of experience in institutional e-FX trading and sales, most recently as managing director of institutional sales at ATFX MENA.
The appointment adds a senior institutional sales leader to the Sky Links Capital team at a time when the group is building out its online brokerage business. For traders, institutional clients and industry observers, the key questions are who is taking the role, what they are expected to deliver and how the change fits into the broker's wider structure. This article covers each of these points using the information the company has published.
What Hormoz Faryar's New Role Covers
As managing director, Faryar will oversee business development, institutional client relationships and strategic growth in key markets. The company has positioned the role around its institutional growth plans, so the focus is less on retail acquisition and more on building long-term relationships with professional counterparties.
Sky Links Capital has described the appointment as a step that should support the expansion of its institutional division and create new opportunities across the platform. The company has not published detailed targets, timelines or specific market launches tied to the role, so any assessment of results should wait for official updates.
Hormoz Faryar's Professional Background
Faryar's career has centred on institutional foreign exchange, with a focus on e-FX trading and sales. According to the company's announcement, his previous positions include:
- Vice president of AES FX Sales at Credit Suisse
- Global head of institutional sales at Equiti Group
- Head of institutional sales at ADSS
- Managing director of institutional sales at ATFX MENA, a role he has held since 2023
Moving between global banks and regional brokers gives Faryar experience across both the traditional institutional FX market and the more competitive brokerage environment in the Middle East and North Africa. This combination is relevant to Sky Links Capital, which is building its brokerage business around the MENA region.
Areas of Expertise
The company highlights several technical areas in Faryar's background:
- Trading systems and the infrastructure institutional clients use to access liquidity
- FX options
- Algorithmic trading
- Institutional solutions designed to help clients manage transaction costs and market impact
For professional traders and asset managers, these areas matter because execution quality, cost control and access to suitable trading tools often determine whether an institutional relationship works in practice.
Leadership Comments on the Appointment
Daniel Takieddine, co-founder and CEO of Sky Links Capital Group, said that Faryar's experience in building FX and multi-asset businesses in the MENA region and elsewhere fits the company's institutional growth plans. He added that the appointment is expected to support the division's expansion.
Faryar has said he plans to draw on his background in e-FX trading and institutional sales to develop solutions for institutional clients. He also aims to strengthen Sky Links Capital's position as a partner to institutional traders and asset managers. Statements like these describe intent rather than results, so their practical value will depend on what the company delivers over the coming months.
What This Means for Traders and Institutional Clients
For existing clients, a managing director appointment usually signals who will be accountable for account relationships and product development. If you already trade with Sky Links Capital, it is reasonable to ask the company which team members will handle your account and how any changes to services or contact points will be communicated.
For prospective institutional clients, the most useful questions are practical ones: which products are available, how execution works, what reporting is provided and which legal entity your account would sit under. The regulatory structure described below is a good starting point for those conversations.
About Sky Links Capital and Its History
Sky Links Capital grew out of Dubai-based Sky Links Properties LLC and Sky Links Gold Trading LLC, both established in 2018 by former ADSS vice president Talat Rathore. In 2024, the group appointed former BDSwiss MENA CEO Daniel Takieddine to establish its online brokerage business focused on the MENA region.
The current appointment of Faryar follows that build-out. Its significance lies in adding institutional sales leadership to a brokerage business that is still developing its client base and product range.
Regulatory Structure: Which Entity Serves You
Sky Links Capital operates through more than one legal entity, and the regulatory status differs between them. The company's published information describes the following structure:
| Entity | Jurisdiction | Regulator and status | Role |
|---|---|---|---|
| Sky Links Capital Limited | Mauritius | Regulated by the FSC as an Investment Dealer | Operates as a trading brand of the group |
| Sky Links Capital L.L.C. | UAE | Holds a Category Five (Arrangement and Advise) licence from the UAE Capital Market Authority (CMA) | Operates as an introducing broker only |
The distinction matters. An introducing broker refers clients to another firm for execution and does not hold client funds or execute trades itself in the same way a full dealer does. Traders should confirm which entity they would contract with before depositing funds.
How to Check a Broker's Regulatory Setup
Whether you are an existing client or considering opening an account, you can verify a broker's structure with a few steps:
- Find the legal entity named in your client agreement, not only the brand name shown on the website.
- Check which regulator supervises that specific entity and what licence category it holds.
- Confirm the regulator's own register, rather than relying only on the broker's description.
- Read the terms to see whether the entity executes trades or only introduces clients to another firm.
- Ask how client funds are held and which protections apply to your jurisdiction.
Our broker reviews, such as the XM Group review, follow a similar approach of setting out entities, regulators and licence scope so readers can compare them directly.
Key Takeaways
- Hormoz Faryar has been appointed managing director of Sky Links Capital, based in Dubai.
- He will lead institutional business development and support expansion into global markets.
- His background includes senior institutional sales roles at Credit Suisse, Equiti Group, ADSS and ATFX MENA.
- Sky Links Capital's regulatory position differs by entity, so traders should confirm which company they are dealing with.
Trading CFDs and forex involves a high level of risk, and you can lose money quickly with leveraged products. Make sure you understand the risks and your broker's terms before trading.
Further reading: Contract for difference (Wikipedia).
We will keep this Hormoz Faryar report updated as new information comes in.
