Swiss financial giant MIG have appointed 34 year old Federico Cirulli as CEO of  MIG Capital, the London based FSA regulated subsidiary of the banking institution.

Having commenced his new position on January 21, Mr Cirulli brings with him in depth industry experience having previously held the position of Head of Business Development for Southern Europe at CMC Markets, and prior to that he was CEO of ActiveTrades Ltd, where he was responsible for launching the new business and achieving impressive growth both within the private trading segment and with institutional clients.

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The board of directors selected Mr Cirulli based on his track record of successfully launching new business activities, his breadth of experience in the online forex brokerage sector along with strong management and personal qualities according to Hisham Mansour, Chairman of MIG Capital and CEO of MIG Bank.

“Federico was the unanimous choice to lead MIG Capital and develop our services for our clients and partners in Europe” said Mr Mansour. “He is the right leader to develop MIG Capital’s potential, thanks to his proven ability to build trust and teamwork and his strong marketing and sales background in strategic European markets. The board is highly confident that Federico has the vision and passion to take MIG Capital to the next level in delivering the best in online trading in Europe”.

MIG Capital’s focus is on providing private online trading with deep liquidity in FX, CFDs and gold and silver and is a wholly owned subsidiary of MIG Bank. On his appointment, Mr Cirulli said “Supported by our parent company, MIG Bank which is based in Lusanne, Switzerland, we will deliver the best combination of optimal trading conditions with the highest liquidity, advanced technology and very competitive spreads to MIG Capital clients and partenrs in Europe as well as MIG Group clients around the world.”

“I am fully committed to this value proposition which combined with our strong focus on personal service is how we will deliver the highest long-term value to our clients”.