MOSCOW, August 1, 2012 /PRNewswire/ --
FOREX CLUB, a leading[1] online broker, has announced that Pavel Teplukhin has been appointed Chairman of its Board of Directors. In this position, Teplukhin will play a key role in overseeing the firm's strategic vision and will leverage his experience in order to strengthen its presence across institutional and retail markets in Russia and CIS and globally.
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Specifically, Teplukhin will be focused on helping to deliver FOREX CLUB's ambitious plans for global market growth. Such plans include expansion into new markets, evaluation of non-organic growth opportunities (such as via acquisitions and joint ventures), and the ongoing development and extension of the Group of Companies' portfolio of products. FOREX CLUB will continue to invest in its technologies and products in order to ensure its clients across the globe (from 120 countries) receive sophisticated, institutional levels of performance, service and delivery.
As a co-founder of Troika Dialog, the leading Russian investment bank, Teplukhin is regarded as one of the most innovative figures in the region's financial services industry. Under his leadership, Troika Dialog Asset Management grew to become one of the largest players in Russia and CIS, having pioneered the introduction of mutual funds and private banking services. His achievement was recognised in 2005 when he was named the Best Manager by the National Association of Managers, placing first in the rating of Russia's 1,000 most professional of them. In 2007 he was also recognised for his special contribution to the development of Russia's mutual fund market by the National League of Asset Managers.
A member of the Board of Directors of Moscow's World Trade Centre and the Investor Protection Association, Teplukhin is also the Chairman of the Strategy & Investment Policy Committee within the Board of Directors of RUSNANO.
Teplukhin's appointment marks the most significant in appointments made by FOREX CLUB over the past 18 months. Previously FOREX CLUB strengthened its management team in line with its ambitions to become a top five leading global broker and to build on its already successful diversified portfolio of products and services. Other notable appointments include Rafael Carrascosa as the CEO of the FOREX CLUB Group of Companies in January 2011, and Michael Klena as CEO of its US business in March 2012.
Commenting on his appointment, Pavel Teplukhin said: "I am extremely proud to be joining FOREX CLUB at such an exciting moment in the company's history. FOREX CLUB has deservedly built a strong reputation as a leading online retail forex broker that owes its success to its great intellectual talent and the proven technologies and innovation they deliver in the brokerage space. I've no doubt that together we can deliver strong organic business growth, ensure entry into new markets and - importantly - leverage the company's existing investment products and services and take them to the next level of market-leading status. It is great to be joining as Chairman of the Board of a company that I believe is one of the best examples of Russian business: both highly competitive in its home markets as well as delivering great electronic trading services to the international markets."
Vyacheslav Taran, co-founder and shareholder of FOREX CLUB, and Rafael Carrascosa, CEO of FOREX CLUB, gave a joint statement: "Appointing a chairman of Pavel's calibre is further evidence of our strategic goal to grow the company within Russia and the CIS, as well as internationally. Pavel's wealth of experience - particularly in the investment management sector, business development and regulation - will be invaluable in helping us deliver on our ambitious business plans."
About Pavel Teplukhin
He launched the first Russia-specific mutual fund in the USA (July 1996) and managed to register Troika as the first Russia-based US SEC registered investment advisor. A recognised reformer, he is a co-author of Pension Reform in Russia (6 Federal Laws in total since 2003). He led Troika to become a leader in independent institutional asset management in Russia, managing assets of four out of the top five private (non-government) pension funds.
Teplukhin was central to the launch of the asset management industry in Russia (1996) and contributed to the leadership of Troika to become a leading company in Russia with a consistently strong financial performance. To date, he has been involved in the development of legislation and regulations on mutual funds working with the State Duma.
From 1986 to 1989 as a member of the group led by Professor Yasin (in later years Russian Minister of Economics) Teplukhin was involved in the preparation of the tax reform and institutional reform in the former USSR. Pavel Teplukhin read for degrees in the Master of Science in Economics, London School of Economics (LSE) and Ph.D. (Economics) Moscow State University.
BOARD MEMBERSHIPS AND AFFILIATIONS 2012
Member of the Board of Directors
Chairman of the Strategy and Investment Committee
Chairman of the Board of Directors
Member of the Board of Directors
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, which it also provides on StartFX 2, the company's proprietary platform.
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 one such example, LLC FOREX CLUB, our Russian broker, is a founding member of CRFIN, the Russian self-regulatory organization. It is a legally registered entity of the Russian Federation, incorporated on 28 October 2010 and it holds the license of the Federal Financial Markets Service, No. 1564. For more information on our Russian broker, please see below.
The structure of FOREX CLUB Group of Companies includes a range of brokers and training centres, including Forex Club International Limited, Akmos Trade, FOREX CLUB (FSFM license #004857) and the International Academy of Investments and Trading (license #025928). For information on our business, please click here.
About LLC FOREX CLUB (Russian broker)
LLC FOREX CLUB is a Russian company that forms one part of the international FOREX CLUB Group of Companies. The key goal of LLC FOREX CLUB is to provide Russian traders - both individuals and legal entities - with an opportunity to trade in the forex market in full compliance with Russian law and the self-regulating industry as established by SRO CRFIN in the Russian Federation.
The operations of LLC FOREX CLUB are organized in accordance with the established norms of corporate governance and reporting, and are based on the principles of information transparency, integrity, and reliability for respective individuals and legal entities.
LLC FOREX CLUB'S relationships with its clients are based on providing a high level of service, using advanced technologies for efficient online trading.
The company relies on the quality of its service, mutual trust, professionalism and transparency with its clients. Its client activities are covered by judicial protection in accordance with Russian law and the standards of SRO CRFIN, the Russian forex industry's official self-regulating representative body in the Russian Federation.
The company's mission is to ensure fully-fledged support of optimal forms of regulation in the Russian Federation and practical application of the recommended norms. It implies provision of forex services based on the model of over-the-counter derivative financial instruments, as well as the use of the experience of Akmos Trade - the oldest forex broker in Russia that now forms part of FOREX CLUB Group of Companies, in terms of cooperation with Saint Petersburg Exchange and the development of the "FX+" project.
The company holds the FSFM license No. 1564, and is an official member of SRO CRFIN.
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