Forex Club, one of the largest brokers in Eastern Europe, is in a restructuring and expansion frenzy – after taking a major investment from a private equity fund it announced the appointment of a new US CEO. Michael Klena (who was in fact appointed few weeks ago) arrives with extensive Wall Street background from TD and E*Trade and will try to help Forex Club break into the US and Western markets.

It is time to bid goodbye to previous FX Club US CEO Peter Tatarnikov who’s done an incredible job at the company and now moves to focus on new things.

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FOREX CLUB, a leading online brokerage company in Russia and the CIS, has today announced the appointment of Michael Klena as CEO of FOREX CLUB, LLC, its US business headquartered on Wall Street. The appointment, which is effective immediately, re-affirms the company’s commitment to global network growth and development, introducing new platforms and services to clients.

In this new role, Michael will oversee strategy and direction for FOREX CLUB’s US business. Before joining the company, he held several senior management positions at E*TRADE FINANCIAL, the United States’ third largest online brokerage firm, including Head of Risk and Operations for the company’s brokerage business, E*TRADE Clearing. At E*TRADE FINANCIAL, Michael was responsible for driving growth and defining sales and service strategy across the firm. He was pivotal for integrations of several large acquisitions, overseeing a $40 million dollar client service investment and the international launch of new active trading platforms. Before E*TRADE FINANCIAL, Michael spent nearly ten years at TD Waterhouse in a number of leadership positions in retail, customer services and financial products, helping to grow TD Waterhouse to become the fourth largest online brokerage firm in the US.

Rafael Carrascosa, CEO of Forex Club Group, said: “I’m delighted that Michael has joined our US team. His strong leadership skills, major global experience and proven track record of developing business management strategies, will all be invaluable to our plans for growth in the US market. With Michael at the helm, I am confident that we will continue to grow our business by leveraging the reach of our global platform and further expanding FOREX CLUB’s influence in the US market.”

Michael Klena, CEO Forex Club LLC, commented: “It is wonderful to be joining FOREX CLUB at such an exciting time in its development. I am looking forward to announcing some great innovations and services that will deliver real value to the US trading community in the future and to our growing number of clients.”