FxPro Appoints Michael Sarris as Non-Executive Director

LIMASSOL, Cyprus, Sept. 1 /CNW/ - FxPro Financial Services Ltd (FxPro), a leading global retail broker in FX and CFDs today announces the appointment of Michael Sarris as Non-Executive Director. He assumes the role on 1st September, 2010.

Michael Sarris brings a wealth of international financial experience accrued over 35 years in a number of important and high profile positions. In 1972 he started his career in the research department of the Central Bank of Cyprus before moving to the Bank of Cyprus in 1974 to work on planning and project analysis. He joined the World Bank in 1975 where he remained until his retirement as a Department Director at the end of 2004.

In the course of his career at the World Bank his work covered a broad range of sectors in Africa, Latin America and East Asia. His responsibilities included the provision of advice on policy issues for economic and social development, the creation of programmes for structural reform, supervision of the Bank's country strategies and the development of economic policy dialogue, between the Bank and the national authorities of countries seeking World Bank assistance.

In September 2005, the President of the Republic of Cyprus, appointed him as Minister of Finance, where he served until the change in government in March 2008. During his tenure, Cyprus prepared for and successfully introduced the Euro as its national currency.

Panagiotis Xydas, Chief Executive Officer of FxPro commented, "FxPro is delighted to make this very important and high calibre appointment. We look forward to welcoming Michael to our team and his unparalleled expertise accrued over a long and successful career with the World Bank and as Minister of Finance, will be of great benefit to our business at a time of exciting growth and development. I am sure that Michael will make a significant and valuable contribution as FxPro continues to develop its capabilities to be recognised as the world's preferred Fx broker."

The platform can be accessed at: http://www.fxpro.com

About FxPro

FxPro is a rapidly expanding industry leader in the fast growing retail FX market. Serving clients from more than 120 countries with trading 24/5 and outstanding levels of customer support 24/7, our goal is to become the world's preferred FX broker. With a popular trading platform and well-regarded global brand, FxPro has emerged as a first choice for clients seeking user-friendly market access via a highly customizable superior trading infrastructure. FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID) having a presence in the UK, France, Spain, Austria, Russia, Greece and Cyprus. For further information, please visit http://www.FxPro.com.

For further information: James Marshall, Tel: [phone], Email: [email protected]