XTB recruits Jens Chrzanowski to head Germany operations

abdelaziz Fathi

Poland-based Forex and CFDs broker XTB has appointed Admirals alumni Jens Chrzanowski as head of its German branch.

For nearly twelve years, Chrzanowski has been tasked with leading Admirals’ operations across its European core markets, including Germany, Austria, Switzerland, and the Netherland. He originally joined the firm in 2011.

During this long stint, Chrzanowski worked his way up through several senior roles with the firm, culminating with the position of chief value officer. His role was to ensure that all relevant aspects of value creation and destruction are accounted for and communicated to boards, management and external stakeholders.

The CEO of Admirals Group AS Sergei Bogatenkov said that Jens Chrzanowski has had an important role in the company’s success and global position.

Omar Arnaout, CEO of XTB, emphasized the special importance of the German market: “Germany is the largest economy in Europe and therefore also one of the most important capital markets, in which XTB with its broad product portfolio and trading solutions is one of the leading service providers. With Jens Chrzanowski, we were able to gain a renowned financial market professional who, with his many years of experience, can take our growth course in this market to a qualitatively new level”.

Chrzanowski is replacing Eliza Dygutowicz, who is leaving the company after 13 years of cooperation. Omar Arnout thanked her for this and paid tribute to the manager’s loyalty: “Ms. Dygutowicz has done an excellent job of building up the branch, and her departure marks the end of an important chapter for XTB Germany. We wish her all the best for her upcoming projects”.

The Warsaw-based brokerage reported last month its final results for H1 2022 which showed improved metrics after seeing revenues and customer numbers fall back in the previous year as the pandemic trading boom fizzled out.

In the six months to June 30, XRB revenue was reported at PLN 836.2 million ($178 million), up 245 percent from PLN 242 million in the same period a year ago. On a quarter-over-quarter scale, the company posted PLN 396 million in Q2 revenues, which was lower from PLN 440 million in the first quarter.

In terms of its operating income, the listed broker disclosed a net profit of PLN 480 million ($102 million), which was six times higher than the PLN 65 million it earned in the H1 2021.

The Polish brokerage firm, like rivals, saw trading volumes skyrocket in 2022 as retail traders tried to take advantage of swings in the financial markets brought on by the Russia-Ukraine war.

 

Read this next

blockdag

BlockDAG aka Kaspa’s Toughest Competitor Releases DAGpaper, Lightes Up The Las Vegas Sphere Pulling Shiba Inu Investors & Amassing $16.4M in Presale

BlockDAG, emerging as a Kaspa competitor, unveils its DAGpaper, spotlighting the Las Vegas Sphere and captivating Shiba Inu investors with a $16.4M presale success.

Fundamental Analysis

Global FX Market Summary: USD, ECB, Gold, Oil  April 12 ,2024

A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.

Digital Assets

Thai crypto exchange Bitkub eyes $3 billion valuation

Thailand’s largest cryptocurrency exchange Bitkub is gearing up for a public offering next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa.

Technical Analysis

GBPUSD Technical Analysis Report 12 April, 2024

GBPUSD currency pair can be expected to all further toward the next support level 1.2400, target price for the completion of the active minor impulse wave.

Market News

Navigating Currency Trends: Extensive Analysis on EUR/USD Signal

Traders Union provides comprehensive daily analysis and signals for EUR/USD.

Retail FX

Axi extends sponsorship of Brazilian Esporte Clube Bahia

Forex and CFD broker Axi has just announced they’re extending their sponsorship with Brazilian Serie A team Esporte Clube Bahia into the 2024 season.

Digital Assets

Binance-backed Gopax narrows losses amid strong crypto trading

Binance-backed cryptocurrency exchange Gopax reported lower net losses for 2023, according to its parent company Streami’s year-end financial report.

Chainwire

99Bitcoins Launches Learn-To-Earn Presale and Raises $150K On First Day

99Bitcoins, established in 2013, has recently begun its token presale in an effort to harness the current upward trend in Bitcoin’s value. The 99BTC team, seizing this opportunity, offers its learn-to-earn platform, a longstanding resource in cryptocurrency education.

Reviews

Brokeree Solutions Review

Brokeree Solutions is an international provider of innovative technological solutions for multi-asset brokers worldwide. The company specializes in high-grade solutions development, including flagship Social Trading, PAMM, Prop Pulse, and Liquidity Bridge. With 10 years of industry expertise and an extensive product portfolio, Brokeree Solutions offers technologies covering almost any broker’s needs.

<