FXCM Pro’s Managing Director Andreas Putz Parts Ways with the Company

FXCM Pro, the institutional arm of FXCM, has lost its managing director and global head, Andreas Putz, who is slated to join propriety trading company Henning Carey, FXCM has confirmed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.

FXCM captured headlines during Q1 of 2015, following the fallout of the Swiss Black Swan and the subsequent bailout and lifeline. The company recent reported February 2015 operating metrics, which showed a -41.0% decline in volume MoM.

Mr. Putz has been an FXCM mainstay since 2005, having worked in an executive level role as managing director and global head for a decade. He is slated to begin his new role as the head of sales at Henning Carey on March 15, 2015. Succeeding Mr. Putz will be Brandon Mulvihill, the new global head of FXCM Pro.

Back in November, FXCM Israel shook up its personnel front, naming Avi Abuganny as its new CEO of the firm. He previously served as the firm’s Head of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term and Retention Manager since 2010. Mr. Abuganny was promoted to the position of CEO to replace Tal Zohar who parted ways with FXCM Israel