Luis Sanchez, First Vice President and Head of Institutional Sales at Dukascopy Bank SA, has parted ways with the group and taken a role as CEO of BMFN, effective immediately.

Mr. Sanchez has been a mainstay at Dukascopy since 2007, having worked in a variety of senior level roles that included Senior Relationship Manager/White Label Specialist, Head of Institutional Sales, Vice President, and finally First Vice President.

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According to Paul Belogout, Owner and Founder of BMFN, in a recent statement on the appointment, “I would like you all to join me in welcoming and congratulating Luis Sanchez on becoming the CEO of BMFN. Luis is joining BMFN after spending 10 successful years at Dukascopy, transforming the Swiss brokerage to become the bank and subsequently the leading FX and CFD provider. Luis’ experience is extensive and ranges from understanding the products and services to sales to building corporate image and helping companies to grow beyond the regional scopes. This is what BMFN now needs, is to have someone like Luis to join BMFN and help us with the transformation in 2015.”

In his new role at BMFN, Mr. Sanchez will serve as its newest CEO, where he will work out of both Europe and Latin America. “BMFN has a great in house technology and a strong powerful team. Paul is a very talented persona and with his and its team help, we all will lead BMFN to the next era. I am proud to wear a BMFN T-shirt from today,” added Mr. Sanchez in an exclusive statement with Forex Magnates.