Amana Names Andrey Artamonov as CTIO to Scale MENA Trading Technology

Quick Summary

amana has appointed Andrey Artamonov as Chief Technology and Information Officer to lead its MENA trading technology expansion. Artamonov, formerly CTO at Devexperts, will oversee application development and AI integration to scale amana’s mobile-first platform for over 500,000 users across the Middle East and beyond.

How Will Andrey Artamonov Scale amana’s Trading Infrastructure?

Andrey Artamonov joins amana with a mandate to strengthen the MENA trading technology stack across application development, cybersecurity, and cloud infrastructure. By leveraging his experience managing an engineering organisation of 700 people, he will focus on:

• Scaling the platform to support 6,800+ financial assets.
• Implementing automation and AI solutions for operational workflows.
• Expanding infrastructure to support new market entries.

What Experience Does the New CTIO Bring to amana?

Artamonov’s background is rooted in institutional-grade financial technology, having spent 17 years at Devexperts. His expertise in multi-asset brokerage systems is critical as amana manages a diverse portfolio including 1,200+ MENA stocks and global ETFs. He previously oversaw technology used by banks and broker-dealers across the US, Europe, and Asia, ensuring amana’s MENA trading technology meets global performance standards.

"Technology has always been at the heart of what we do," said Muhammad Rasoul, CEO of amana. "As we continue to grow, we're investing in the people who can help us build faster, smarter and at a much larger scale. Andrey has spent his career developing technology for some of the world's leading financial institutions, and we're excited to have him join the team as we continue raising the bar for our clients."

How Does This Appointment Impact the MENA Neobroker Market?

With over 500,000 active users, amana is positioning itself as the dominant mobile-first neobroker in the Middle East. The hire of a veteran CTIO signals a shift toward proprietary tech innovation rather than just retail distribution. This move allows amana to:

• Enhance business intelligence capabilities for better user insights.
• Strengthen platform operations for high-volume trading periods.
• Set a new regional standard for digital wealth management.

Commenting on his appointment, Andrey Artamonov said: "amana has built an impressive platform and a strong brand across the MENA region. I see a real opportunity to build technology that not only supports the company's growth but also helps set a new standard for investing and trading in the region. I'm excited to get started."

FF NEWS TAKE:

This appointment definitely moves the needle for MENA trading technology. By poaching a heavyweight from Devexperts, amana is signaling that it no longer wants to just be a regional player, but a technological powerhouse. Artamonov’s background in AI and automation suggests amana is preparing for a sophisticated, data-driven product roadmap that could leave traditional regional brokers struggling to keep pace.