FXCM Group Names Brendan Callan as CEO
(Thomson Reuters ONE) -
NEW YORK, May 15, 2017 (GLOBE NEWSWIRE) -- 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."
About FXCM Group, LLC
FXCM Group is a leading provider of online foreign exchange (FX) trading, CFD
trading, spread betting and related services. The company's mission is to
provide global traders with access to the world's largest and most liquid market
by offering innovative trading tools, hiring excellent trading educators,
meeting strict financial standards and striving for the best online trading
experience in the market. FXCM Group is a holding company of Forex Capital
Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty.
Limited (FXCM AU), and all affiliates of aforementioned firms.
About Leucadia National Corporation
Leucadia is the majority economic owner of FXCM Group. Leucadia, with a $46
billion balance sheet as of March 31, 2017, is a diversified holding company
that invests in a broad array of businesses. Leucadia's financial services
businesses and investments include investment banking and capital markets
(Jefferies), asset management (Leucadia Asset Management), foreign exchange
trading services (FXCM), real estate (HomeFed), commercial mortgage banking and
servicing (Berkadia), and vehicle finance (Foursight). Leucadia's merchant
banking businesses and investments include beef processing (National Beef), a
diversified holding company (HRG), oil and gas exploration and production
(Vitesse Energy and Juneau Energy), automobile dealerships (Garcadia),
manufacturing (Idaho Timber), telecommunication services in Italy (Linkem), and
a gold and silver mine (Golden Queen).
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and other federal
securities laws that are subject to the safe harbor created by such laws and
other legal protections. Caution should be taken not to place undue reliance on
any such forward-looking statements because actual results may differ materially
from the results suggested by these statements. These forward-looking statements
are made only as of the date of this presentation. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. In addition, forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from our historical experience and present
expectations or projections. These risks and uncertainties include, but are not
limited to, those described in Part I, "Item 1A. Risk Factors" and elsewhere in
Leucadia's Annual Report on Form 10-K for the period ended December 31, 2015 and
those described from time to time in our periodic and other reports filed with
the Securities and Exchange Commission.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales(at)fxcm.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FXCM, Inc. via GlobeNewswire
Datum: 15.05.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 543914
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