SYDNEY, LONDON and BEDMINSTER, N.J., May 16, 2012 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a leading global provider of online trading services, announced today the appointment of Muhammad Rasoul as Chief Product Officer and member of GAIN's executive management team. Mr. Rasoul has more than 16 years of leadership experience in the retail brokerage industry, with a strong background in forex, futures and OTC derivatives trading.
In the newly created role, Mr. Rasoul will lead the vision, development and execution of GAIN's product strategy across both its retail and institutional business lines.
"We are excited to have Muhammad join our team and stand to benefit tremendously from his deep industry knowledge and strong global operating experience," said Glenn Stevens, GAIN Capital CEO. "Our product portfolio has expanded significantly over the past several years and I am confident Muhammad will help us continue to deliver new, innovative products that lead the industry as well as accelerate our expansion into new asset classes and new geographies."
Previously, Muhammad was executive vice president, chief operating officer at GFT Markets, a global provider of forex, contracts for difference (CFDs), binary trading, and FX options trading. During his 16-year tenure at GFT, he managed the company's global operations, responsible for trading, operations, risk, compliance and IT. He also led the development of GFT's trading platforms and tools as well as expansion of their product offering to include FX, contracts for difference (CFDs), binaries and options.
"I've worked in this industry from its very beginning, and in almost every capacity, and am thrilled to bring all these experiences to bear at a company that I believe is extremely well-positioned for the long term," said Muhammad Rasoul. "My role at GAIN represents a new chapter and challenge in my professional career, one that will allow me to leverage my talents across many disciplines and go back to my creative roots of product development and strategy. I'm proud and feel fortunate to be a part of the strong, energetic, and forward thinking management team here at GAIN."
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
A pioneer in online forex trading, GAIN Capital operates FOREX.com(R), one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Beijing; Singapore; Tokyo and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Agency (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada and the Australian Securities and Investments Commission (ASIC) in Australia.
FOREX.com is a registered trademark of GAIN Capital Holdings. All other trade names are the property of their respective owners.
SOURCE GAIN Capital Holdings, Inc.