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Joseph A. Schenk Appointed to GAIN Capital's Board of Directors
Bedminster, NJ - June 10, 2008 - GAIN Capital Holdings Inc., a global provider of retail foreign exchange (forex) trading services, today announced that its board of directors has appointed Joseph A. Schenk as a member of the board. Mr. Schenk, who was also elected as the head of the board's audit committee, becomes the ninth member of GAIN's board of directors.
Mr. Schenk brings to GAIN Capital a breadth of multinational experience in corporate finance, governance, and regulatory matters, and he has provided leadership in these areas to several prominent companies in the financial sector during his career. From January 2000 to December 2007, he served as chief financial officer and executive vice president at Jefferies Group (NYSE: JEF), a full-service investment bank and institutional securities firm focused on capital markets and asset management. Mr. Schenk's responsibilities at Jefferies included oversight for finance, accounting, risk, treasury, internal audit, investor and rating agency relations, tax and accounting policy matters. During Mr. Schenk's tenure, Jefferies raised over $2 billion in financings, executed six acquisitions, and completed a major build-out of services in the European Union. Prior to his appointment as CFO, Mr. Schenk held various positions within Jefferies, including senior vice president, responsible for corporate services, from September 1997 to January 2000, and senior institutional account executive from September 1993 through March 1996.
"We are privileged to have Joe as a member of our board of directors," said Glenn Stevens, CEO of GAIN Capital Holdings. "His years of corporate finance and governance experience as a senior officer in the financial services field will serve to enhance the existing leadership depth and skill set on GAIN's board," added Stevens.
Prior to Jefferies, Mr. Schenk served as a senior vice president at Zimbalist Smith, a boutique investment research firm. Mr. Schenk had previously held management positions at Deloitte Haskins & Sells and Price Waterhouse.
Mr. Schenk also serves on the boards of ConvergEx Holdings and Talk.com. He also is currently on the board of trustees for Fordham Preparatory School in the Bronx, New York, and chairman of the advisory committee for the Sheil Catholic Center at Northwestern University in Evanston, Illinois.
Mr. Schenk received a Bachelor of Science degree in Accounting from the University of Detroit, where he graduated summa cum laude.
For additional information about GAIN Capital Group's Board of Directors, go to www.gaincapital.com/company_board.html.
About GAIN Capital Holdings Inc. & GAIN Capital Group LLC
GAIN Capital Group, LLC, is a market leader in the rapidly-growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates offices in New York City and in Shanghai, China.
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms in North America, Europe and Asia. GAIN Capital Group, LLC, and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, and for trading information, visit www.forex.com.
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