Forex Club Appoints New CEO
Forex Club appoints Rafael Carrascosa as its new CEO.

NEW YORK, NY, April 06, 2011 /24-7PressRelease/ -- FOREX CLUB HOLDING Co., an international Group of online off-exchange FOREX brokers, has announced that it has appointed a new CEO to overlook operations of the global group of Forex Club companies. In accordance with the decision made by the Board of Directors as of March 16, 2011, Rafael Carrascosa will be the new CEO of FOREX CLUB Holdings.

Carrascosa's main strategic targets involve consolidating all FOREX CLUB brokerages and conceptualizing a new business development strategy for the U.S.A., Brazil, China, and Russian markets. The key target of the Group of Companies is to take a leading position among the top-5 leading foreign exchange brokers.

Rafael Carrascosa has more than 17 years' experience working management positions in leading global companies, such as American Express, MasterCard, Russian Standard Bank, and BCS. From 2008 to 2010, Carrascosa held a position as Member of the Management Board and Head of Marketing in BCS. From 2005 to 2008, he was a Member of the Board of Directors of Russian Standard Bank. From 1993 to 2002, Carrascosa led the business development of USA and Latin America for American Express. In 2002 to 2005, Carrascosa was Vice President of MasterCard Advisors Europe in Brussels.

Rafael Carrascosa has received a master's degree in Civil Law from the University of Seville and an MBA grade from the School of Industrial Management.

Commenting on his appointment, Mr. Carrascosa stated, "I am delighted to join FOREX CLUB and be part of this fast-growing global company. FOREX CLUB is an exciting player in a very dynamic industry and we have a strategic vision that we want to accomplish in the coming years. The growth potential on all markets that FOREX CLUB is present in (Russia, China, Brazil, USA, etc.) is tremendous. On the emerging markets where FOREX CLUB is present, such as Brazil, China, Russia, and CIS, the market size can raise from 1.2 to 5.4 million people."

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