Mark Galant, the founder, chairman and chief executive officer of Gain Capital has stepped down as CEO but will remains as chairman of the board. Glenn Stevens, who I haven’t seen since he was trading spot yen at Bankers Trust in New York, has been promoted to CEO from his new role of managing director. “Transferring the day-to-day CEO responsibilities to Glenn allows me to assume a more strategic role,” says Galant. “Glenn has been the second in command for almost eight years, and he has contributed significantly to the company's success to date. Glenn’s track record at Gain, deep knowledge of the FX market and proven leadership skills make him the natural choice to be Gain’s next CEO. With the rest of Gain’s talented, long-standing management team, I am confident the company is well positioned for the next stage in its development,” he says.
Stevens joined Gain in February 2000 after leaving NatWest Bank, where he was managing director and head of North American FX sales and trading. Before NatWest, he was a managing director and chief FX dealer at Merrill Lynch. And before that he was at Bankers Trust.