Business & Finance
Business and Finance
Business and Finance
Wed, January 21, 2009 Penson Worldwide, Inc. Names David Faller Senior Vice President and Head of Global FX
DALLAS--([ BUSINESS WIRE ])--Penson Worldwide, Inc. (NASDAQ: PNSN), announced that Mr. David Faller has joined the firm as Senior Vice President and Global Head of Foreign Exchange. Mr. Faller will be responsible for Penson Worldwide's retail and institutional FX offerings. He will report to Simon Raphael, Senior Vice President and Head of Strategic Development.
"We are very pleased to welcome David to Penson Worldwide and have him join the team," said Daniel P. Son, President, Penson Worldwide. "He is well respected in the industry and brings with him a wealth of FX experience and an impressive track record. We are confident that his extensive knowledge will enable us to expand our FX products and better service our clients with their FX needs."
"I am extremely excited about joining Penson Worldwide," commented Faller. "I look forward to working closely with Penson's client-centric team to provide innovative and value enhancing FX solutions to Penson's three hundred correspondents all over the world."
Formerly, Mr. Faller served as the Managing Director and Global Head of FX Options Trading and Sales with the Bank of Montreal. His twenty years of experience in currency markets includes trading, sales and business-line management at global institutions in Europe and North America.
About Penson Worldwide: [ www.penson.com ]
The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Ltd., Nexa Technologies, Inc., Penson GHCO, and Penson Asia Limited, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.
Penson Financial Services, Inc. is a member of the New York Stock Exchange, NYSE Alternext, Chicago Stock Exchange, FINRA, the Chicago Board Options Exchange (CBOE), OneChicago, the International Securities Exchange (ISE), the NYSE Arca Exchange, the Options Clearing Corp (OCC), the MSRB, NSCC, ICMA, DTC, Euroclear, SIPC and is a participant of the Boston Options Exchange (BOX). Penson Financial Services Canada Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the CNQ Exchange and the TSX Venture Exchange, is regulated by the Investment Industry Regulatory Organization of Canada, is a member of the CIPF, CDCC and CDS and subscribes to various Canadian ATSs. Penson Financial Services Ltd. is a member of the London Stock Exchange and is authorized and regulated by the Financial Services Authority. Penson GHCO is a registered Futures Commission Merchant and clearing member at the Chicago Mercantile Exchange, Chicago Board of Trade, London International Financial Futures Exchange, and ICE Futures.
Forward-Looking Statements
Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Penson's actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.
