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GAIN Capital Waves Goodbye to Director Mark Galant

GAIN Capital, the parent company of US major Forex broker FOREX.com, has announced that Mark Galant is leaving the board of directors of the company. The resignation got immediately into effect on December 12, 2013. Don't start thinking about any grave reasons for Galant parting its ways with the director's role – he is leaving to get engaged into philanthropic activities, which is remarkable and we'd like to congratulate him for that. 

 
GAIN apparently appreciates Galant's input and seeks to keep him within its ranks: in fact, he will remain in the group at least until January 2015. During this time he will serve as an adviser to the group, providing expert advice on risk management, trading and similar business activities.
 
Meanwhile, GAIN Capital continues with the pursuit of its strategic aims to boost its revenues from non-retail operations and the recent rise in institutional trading volumes shows the company is marking good progress in this direction. However, eyes are on any acquisitions in the institutional segment following the purchase of GFT. The focus on this has been heightened after GAIN announced offering of senior convertible notes, worth $80 million. The interesting part is that the bulk of the proceeds will be used for funding strategic moves, including acquisitions. 
 
Apparently, the management of the company has plenty to consider. For the official SEC filing regarding Galant's resignation click here.
 

About GAIN Capital

 
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes to a diverse client base of retail and institutional investors.
 GAIN's businesses include FOREX.com, which provides retail traders around the world access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices; GTX, a fully independent FX ECN for hedge funds and institutions; OEC, an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC), a licensed U.S. broker-dealer.
 GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America,Europe and the Asia Pacific regions.  For further company information, visit www.gaincapital.com.
TAGS: gain capital  forex.com  forex.com broker  us forex broker  corporate management  forex management  board of directors  mark galant  galant director  director leaving  galant resignation 

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