Stefan Kimmel, the CEO of M2, regulated crypto exchange out of Abu Dhabi UAE, has moved on to a board position and has been replaced by Saadeddine Zaher.
As per the announcement, Stefan will remain an integral part of the M2 family as he joins the Board of Directors and takes on a new role within the broader Group, where he will focus on the development of digital asset projects.

Stefan Kimmel said, “Building M2 from the ground up has been an incredible journey, and I’m immensely proud of what we’ve accomplished together. As I transition to my new role, I remain committed to supporting M2 in this exciting phase of its evolution. I look forward to contributing to our future projects and continuing to serve our stakeholders in this dynamic industry.”

Saadeddine Zaher will be the new CEO of M2. He has an extensive career in the banking sector. Saadeddine Zaher added, “It is an honor to join M2 at such a pivotal time in its journey. The foundation laid by Stefan and the team is incredibly strong, and I look forward to building upon it to ensure we continue to deliver innovative solutions and value to our clients and stakeholders. M2 is uniquely positioned to lead in the digital asset space, and I’m excited to lead the company into this next chapter.”

In July M2 announced M2 launched what it calls a simplified pathway for UAE residents to buy and sell Bitcoin (BTC) and Ethereum (ETH) through a direct integration with their bank account.