FOREX Club Appoints New US CEO

LONDON, March 27, 2012 /PRNewswire/ --

FOREX CLUB, a leading online brokerage company in Russia and the CIS, has today announced the appointment of Michael Klena as CEO of FOREX CLUB, LLC, its US business headquartered on Wall Street. The appointment, which is effective immediately, re-affirms the company's commitment to global network growth and development, introducing new platforms and services to clients.

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In this new role, Michael will oversee strategy and direction for FOREX CLUB's US business. Before joining the company, he held several senior management positions at E*TRADE FINANCIAL, the United States' third largest online brokerage firm, including Head of Risk and Operations for the company's brokerage business, E*TRADE Clearing.  At E*TRADE FINANCIAL, Michael was responsible for driving growth and defining sales and service strategy across the firm.  He was pivotal for integrations of several large acquisitions, overseeing a $40 million dollar client service investment and the international launch of new active trading platforms.  Before E*TRADE FINANCIAL, Michael spent nearly ten years at TD Waterhouse in a number of leadership positions in retail, customer services and financial products, helping to grow TD Waterhouse to become the fourth largest online brokerage firm in the US.

Rafael Carrascosa, CEO of Forex Club Group, said: "I'm delighted that Michael has joined our US team. His strong leadership skills, major global experience and proven track record of developing business management strategies, will all be invaluable to our plans for growth in the US market.  With Michael at the helm, I am confident that we will continue to grow our business by leveraging the reach of our global platform and further expanding FOREX CLUB's influence in the US market."

Michael Klena, CEO Forex Club LLC, commented: "It is wonderful to be joining FOREX CLUB at such an exciting time in its development.  I am looking forward to announcing some great innovations and services that will deliver real value to the US trading community in the future and to our growing number of clients."                    

Notes for Editors

About FOREX CLUB

Established in 1997, FOREX CLUB (the company) is the brand name for a group of companies that provides clients from over 120 countries with platforms and services for trading forex, CFDs and other online trading and educational products. We offer every client high-quality tools in training, analytics and education, as well as personal support where they want it. FOREX CLUB has over 600 employees worldwide. In 2011, over 45,000 traders chose to learn forex trading with us. The company was one of the industry's first to offer zero spread trading and commission refunds on all unprofitable trades exclusively on the company's proprietary platform (branded as StartFX in Russia and CIS, and ExpressFX in US and Rest of the World).

We are committed to the developed standards set forth by government regulators and one of our company's priorities is to conduct business in strict compliance with current regulatory requirements of the markets within which we operate. As a result, Forex Club LLC, our company in the USA, is a registered merchant with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). Our Russian broker, FOREX CLUB, is a founding member of CRFIN, the Russian self-regulatory organization.

The structure of FOREX CLUB Group of Companies includes a range of brokers and training centers, including Forex Club International Limited, Forex Club, LLC (NFA #0358265), Akmos Trade, FOREX CLUB (FSFM license #004857) and the International Trading Academy. For information on our business in US and RoW, please click here.  For Russia and CIS, here.

SOURCE Forex Club