FXCM has appointed new CEO
FXCM Group, LLC (“FXCM Group”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today announced that its Board of Directors has appointed Brendan Callan as Chief Executive Officer of FXCM Group. Mr. Callan, who joined FXCM Group in 2001, has been FXCM Group’s interim CEO since February 21, 2017.
“Leucadia National Corporation (NYSE: LUK) (“Leucadia”) and the FXCM Group board believe that Brendan is ideally suited to be FXCM’s CEO,” said Jimmy Hallac, chairman of the board of FXCM Group and Managing Director of Leucadia. “He combines deep knowledge of FXCM and its customers with the values that have served Leucadia’s investee companies so well: putting clients first, building a culture of transparency, communication and support among employees, and being responsive to all stakeholders.”
As interim CEO of FXCM Group, Mr. Callan successfully led the company after its withdrawal from the retail foreign exchange business in the U.S. Mr. Callan was previously the CEO and President of European Operations of FXCM Group since 2010, a period during which Mr. Callan developed Forex Capital Markets Limited (“FXCM UK”) into FXCM Group’s largest operating subsidiary.
“I am extremely excited for the opportunity to continue building upon FXCM’s global platform,” said Mr. Callan. “We will continue to work diligently to establish FXCM as the leading online retail FX and CFD trading venue in each of the regions we operate. We intend to do so by addressing the needs and goals of our customers, employees, regulators, business partners and equity owners.”
Rich Handler, Chief Executive Officer, and Brian Friedman, President of Leucadia, both of whom also serve as board members of FXCM Group, stated: “We have been impressed by Brendan’s leadership and steady hands over these last few months and reaffirm our long-term commitment to FXCM. We believe that, together, Leucadia and FXCM can further strengthen FXCM’s platform and are excited about FXCM’s prospects for success.”
Source: FXCM
