Alpari (US) Opens New Office in Chicago Appoints Raphael Savrnoch
New York, October 18, 2011 – Alpari (US), a global provider of online foreign exchange trading services (“Alpari”), is pleased to announce further expansion of its U.S. based business operations with the opening of a new office in Chicago, Illinois last week. The company has appointed industry expert, Raphael Savrnoch, to oversee the Chicago business operations as Branch Manager as well as take on the role of Senior Vice President of Business Development. Mr. Savrnoch will be based out of the Chicago office which is located at 311 South Wacker.
Mr. Savrnoch started his career in the alternative investments industry in 1996 and brings over 15 years’ experience in retail and institutional commodity futures, specializing in algorithmic systems trading and managed futures asset management. At the Chicago office he will primarily focus on expanding and driving the developments of the Alpari Futures Division which caters to U.S and international exchange traded commodities, futures and options. The office will also support Alpari’s retail and institutional FX business.
“The commodity futures industry has seen tremendous growth over the last decade, and Alpari is focused on developing innovative solutions that are all about the individual client’s specific needs, risk profile and financial goals. Raphael brings a wealth of experience to the team and will be a valuable addition to our intellectual capital. He is particularly knowledgeable in multi- strategy CTA asset management and plan to capitalize on his expertise in this area,” said Daniel Skowronski, CEO of Alpari (US). At Alpari, he will develop initiatives within emerging futures markets worldwide and establish an integrated sales and distribution process insuring delivery of a more complete client offerings and services. Mr. Savrnoch is an alumnus of University of California, Riverside.
For more information, please visit www.alpari-futures.com.
About Alpari (US):
Alpari (US), LLC was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is dually registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and a Retail Foreign Exchange Dealer and has been a member of the National Futures Association (NFA) since 2007, Member ID: 0379678. Alpari (US) is an independent entity within the group of Alpari companies.
With a history dating back to 1998, the Alpari companies (“Alpari”) are among the world’s fastest growing providers of online foreign exchange (“FX”, “Forex”) trading services. The group of Alpari companies has more than 50 offices in cities in over 20 countries, including London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 540,000 customer accounts*, generating monthly trading volumes in excess of $210 billion*, and employ over 620 people* worldwide.
Trading foreign exchange, commodity futures, options, and other on-exchange and over-the-counter products carries a high level of risk and client losses can exceed deposits. These products may not be suitable for all investors. For more information about the Forex industry and the regulatory protections offered to those who trade within it, please visit the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) websites at http://www.cftc.gov and http://www.nfa.futures.org.
*May 2011
