FXCM Group Names Brendan Callan as CEO
May 15 2017 - 2:00AM
FXCM Group, LLC (“FXCM Group”), a leading international provider of
online foreign exchange trading, CFD trading, spread betting and
related services, today announced that its Board of Directors has
appointed Brendan Callan as Chief Executive Officer of FXCM Group.
Mr. Callan, who joined FXCM Group in 2001, has been FXCM
Group’s interim CEO since February 21, 2017.
“Leucadia National Corporation (NYSE:LUK) (“Leucadia”) and the
FXCM Group board believe that Brendan is ideally suited to be
FXCM’s CEO,” said Jimmy Hallac, chairman of the board of FXCM Group
and Managing Director of Leucadia. “He combines deep
knowledge of FXCM and its customers with the values that have
served Leucadia’s investee companies so well: putting clients
first, building a culture of transparency, communication and
support among employees, and being responsive to all
stakeholders.”
As interim CEO of FXCM Group, Mr. Callan successfully led the
company after its withdrawal from the retail foreign exchange
business in the U.S. Mr. Callan was previously the CEO and
President of European Operations of FXCM Group since 2010, a period
during which Mr. Callan developed Forex Capital Markets Limited
(“FXCM UK”) into FXCM Group’s largest operating subsidiary.
“I am extremely excited for the opportunity to continue building
upon FXCM’s global platform,” said Mr. Callan. “We will
continue to work diligently to establish FXCM as the leading online
retail FX and CFD trading venue in each of the regions we
operate. We intend to do so by addressing the needs and goals
of our customers, employees, regulators, business partners and
equity owners.”
Rich Handler, Chief Executive Officer, and Brian Friedman,
President of Leucadia, both of whom also serve as board members of
FXCM Group, stated: "We have been impressed by Brendan’s leadership
and steady hands over these last few months and reaffirm our
long-term commitment to FXCM. We believe that, together,
Leucadia and FXCM can further strengthen FXCM’s platform and are
excited about FXCM’s prospects for success.”
About FXCM Group, LLC
FXCM Group is a leading provider of online foreign exchange (FX)
trading, CFD trading, spread betting and related services. The
company's mission is to provide global traders with access to the
world's largest and most liquid market by offering innovative
trading tools, hiring excellent trading educators, meeting strict
financial standards and striving for the best online trading
experience in the market. FXCM Group is a holding
company of Forex Capital Markets Limited, inclusive of all EU
branches (FXCM UK), FXCM Australia Pty. Limited (FXCM AU), and all
affiliates of aforementioned firms.
About Leucadia National Corporation
Leucadia is the majority economic owner of FXCM Group.
Leucadia, with a $46 billion balance sheet as of March 31, 2017, is
a diversified holding company that invests in a broad array of
businesses. Leucadia’s financial services businesses and
investments include investment banking and capital markets
(Jefferies), asset management (Leucadia Asset Management), foreign
exchange trading services (FXCM), real estate (HomeFed), commercial
mortgage banking and servicing (Berkadia), and vehicle finance
(Foursight). Leucadia’s merchant banking businesses and investments
include beef processing (National Beef), a diversified holding
company (HRG), oil and gas exploration and production (Vitesse
Energy and Juneau Energy), automobile dealerships (Garcadia),
manufacturing (Idaho Timber), telecommunication services in Italy
(Linkem), and a gold and silver mine (Golden Queen).
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other federal securities laws that are subject to the
safe harbor created by such laws and other legal protections.
Caution should be taken not to place undue reliance on any such
forward-looking statements because actual results may differ
materially from the results suggested by these statements. These
forward-looking statements are made only as of the date of this
presentation. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from our historical experience and present expectations or
projections. These risks and uncertainties include, but are not
limited to, those described in Part I, “Item 1A. Risk Factors” and
elsewhere in Leucadia’s Annual Report on Form 10-K for the period
ended December 31, 2015 and those described from time to time in
our periodic and other reports filed with the Securities and
Exchange Commission.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales@fxcm.com
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