The Skilling Group announced on Monday that Michael Kamerman has joined the brokerage as its new chief executive officer.

He replaced Skilling co-founder, André Lavold for the apex position and has already taken on the charges.

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Kamerman is a forex industry veteran with fifteen years of experience from FXCM, one of Skilling’s direct competitors. He parted from the brokerage in August after spending over six years as a managing director. Interestingly, before taking up the apex role at Skilling, he spent his entire career at FXCM.

Speaking to Finance Magnates earlier, he said that he will remain within the trading industry and will join another brokerage, but he did not reveal any name.

“The combination of talent and ambition is a powerful thing, which is why I joined Skilling. I look forward to contributing to the growth of the team and leading the Group into a new stage of strategic development,” Kamerman said in a recent statement.

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Founded in 2016, Skilling launched its proprietary trading platform in 2018. The brokerage is concentrating on offerings across Europe and opened a London office earlier this year.

Skilling is also sponsoring English football club Aston Villa and signed Norwegian chess grandmaster Magnus Carlsen as its global brand ambassador. 

To date, the brokerage has obtained two regulatory licenses: one from the Cypriot regulator and the other from Seychelles.

“The appointment of a new CEO is something we did with the utmost care ensuring that the person not only has the experience but also is a great culture fit. We are very excited to have Michael on board. His extensive experience and vision for Skilling has continually impressed us,” Lavold said.