Kozlov joins FOREX CLUB from Quadro Capital Partners, an independent private equity manager, where he was one of the founding Directors. The company acquired a minority stake in FOREX CLUB in March 2012 in recognition and in support of growing FOREX CLUB's position in the Russian-speaking FX and CFDs trading sector.

His appointment will continue to strengthen FOREX CLUB's business model to become a full-scale trading and investment management intermediary for retail and B2B client segments in the emerging and developed markets.

Prior to joining Quadro Capital Partners, Vladimir Kozlov was Director, Private Equity, at Troika Capital Partners, part of Troika Dialog, the leading Russian investment bank. Vladimir Kozlov also spent four years as Director in Corporate Strategy at Norilsk Nickel, a global mining company, overseeing new capital expenditure and global M&A strategy. He also worked for McKinsey & Company, the leading international management consultancy, for seven years, advising clients in consumer and industrial sectors on business development and operational effectiveness issues.

Vladimir Kozlov succeeds Rafael Carrascosa, who has relinquished his role as CEO and has been appointed as Advisor to the Board of Directors of FOREX CLUB.

Commenting on his appointment, Vladimir Kozlov said: "I am delighted to be joining FOREX CLUB, one of the leading financial services companies in Russia and CIS. Having already worked closely over the last two years with the management team of FOREX CLUB on the development and implementation of the corporate strategy, I am genuinely excited about the opportunities this role brings.

"As CEO I look forward to ensuring FOREX CLUB will continue to provide the highest standard of products and trading and investment instruments to our clients. I am confident our competitive portfolio of services will also continue to deliver real value to the Russian and CIS trading community, as wellwell as to our growing number of international clients."

Pavel Teplukhin, Chairman of FOREX CLUB's Board of Directors, said: "On behalf of the Board, I would like to welcome Vladimir to the role of CEO of FOREX CLUB and to thank Rafael for his time as CEO and for the valuable contribution he has made to the business. Rafael has done an impressive job in consolidating and refocusing our business that now leaves FOREX CLUB well-placed for future growth, both in new B2B service offerings as well as our well-established and very popular retail portfolio of services.

"Vladimir has a substantial understanding of our business and a clear view of the development opportunities available to us in our competitive markets. Combined with his solid professional background and proven management skills, this knowledge will help him to execute the strategy of building FOREX CLUB into a leading brokerage and investment company and a trusted partner for retail and institutional clients in the Russia Federation and emerging markets."

[1] FOREX CLUB was rated one of the top ten global brokers by retail forex volume in Forex Magnates' Q4 2011 and Q1 2012 Industry Reports.