Forex Club Appoints New CEO

NEW YORK, NY, April 06, 2011 (Press-News.org) FOREX CLUB HOLDING Co., an international Group of online off-exchange FOREX brokers, has announced that it has appointed a new CEO to overlook operations of the global group of Forex Club companies. In accordance with the decision made by the Board of Directors as of March 16, 2011, Rafael Carrascosa will be the new CEO of FOREX CLUB Holdings.

Carrascosa's main strategic targets involve consolidating all FOREX CLUB brokerages and conceptualizing a new business development strategy for the U.S.A., Brazil, China, and Russian markets. The key target of the Group of Companies is to take a leading position among the top-5 leading foreign exchange brokers.

Rafael Carrascosa has more than 17 years' experience working management positions in leading global companies, such as American Express, MasterCard, Russian Standard Bank, and BCS. From 2008 to 2010, Carrascosa held a position as Member of the Management Board and Head of Marketing in BCS. From 2005 to 2008, he was a Member of the Board of Directors of Russian Standard Bank. From 1993 to 2002, Carrascosa led the business development of USA and Latin America for American Express. In 2002 to 2005, Carrascosa was Vice President of MasterCard Advisors Europe in Brussels.

Rafael Carrascosa has received a master's degree in Civil Law from the University of Seville and an MBA grade from the School of Industrial Management.

Commenting on his appointment, Mr. Carrascosa stated, "I am delighted to join FOREX CLUB and be part of this fast-growing global company. FOREX CLUB is an exciting player in a very dynamic industry and we have a strategic vision that we want to accomplish in the coming years. The growth potential on all markets that FOREX CLUB is present in (Russia, China, Brazil, USA, etc.) is tremendous. On the emerging markets where FOREX CLUB is present, such as Brazil, China, Russia, and CIS, the market size can raise from 1.2 to 5.4 million people."

FOREX CLUB Group was founded in 1997 and is now one of the leading international FOREX brokers. FOREX CLUB provides online trading solutions to hundreds of thousands of clients from more than 120 countries around world. The branches of FOREX CLUB are constantly expanding. Today, the company has more than 100 offices in 12 countries, including Russia, the CIS countries and Europe, the USA, Brazil, China and the EU countries. FOREX CLUB is an acclaimed brand that has received awards from around the world, including:

• Forex Club was recognized as a leader in Europe according to Dow Jones Newswire
• Best Educational FX Website, Best Forex System (Forex Expo)
• Best Broker for Beginners (forex-ratings.com)

In 2007, the quality of FOREX CLUB's client services was confirmed by the International Organization for Standardization - ISO 9001. In 2010, the American broker, FOREX CLUB LLC, was named 6th fastest growing financial company in the U.S.A. by Inc. 500. According to Inc. 500, FOREX CLUB LLC is currently the fastest-growing forex brokers in the U.S.A. with a three year growth of 2,456 %. In 2011, FOREX CLUB was recognized as a best FOREX broker in Russia and CIS according to the FOREX EXPO ratings.

The FOREX CLUB Group of companies is comprised of a number of brokers and educational organizations, such as the British broker Forex Club International Limited, American broker Forex Club LLC, and the International Trading Academy. In 2010 FOREX CLUB merged with AKMOS Trade. The Companies are currently working on the framework of its SRO CRFIN.