SOURCE: Your Trading Room

April 27, 2011 09:00 ET

Your Trading Room Appoints Richard H. Waryn to Serve as New Global CEO and Chairman of the Board

SANTA MONICA, CA--(Marketwire - Apr 27, 2011) - Your Trading Room (YTR), a Global leading provider of online foreign exchange (Forex) education and proprietary trading, today announced that its shareholders & Board have named Richard H. Waryn to serve as the company's Chief Executive Officer and Chairman of the Board.

As previously announced on March 30, 2011 Richard Waryn invested in a YTR Regional Distributorship and was appointed Director of Emerging Markets due to his extensive private equity investment background, track record and international relationships. Building on this relationship, YTR has appointed Waryn to step in as CEO to take the company to the next level as a global brand in the Forex industry.

Patrick Braid, YTR's Senior VP of Strategic Development & member of the Board, said that YTR outgoing Global CEO Ian Spurle and the Board of Directors unanimously appointed Waryn based on his track record and global relationships, as well as his strong executive and personal qualities. "Richard came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record in driving shareholder value. He demonstrated these skills by structuring, raising and managing more than $3 billion USD across 6 funds covering Asia, Central and Eastern Europe, and the CIS Region over a 23-year professional career.

Spurle went on to say, "Your Trading Room is perfectly positioned to become a truly global force and brand in the Forex industry. The need to partner with investment groups that will secure the company's evolution and business plan is now. Waryn brings significant and unique skills to this position. His business credentials speak for themselves and are ideally suited to this role with extensive leadership, execution, emerging market and finance experience. I am excited by the opportunities that will be presented to Your Trading Room in the future and sincerely believe that the company will be second to none with the introduction of a wide variety of new and innovative products currently under development."

Waryn said, "Ian and his team have done an outstanding job of growing this company from an early stage startup to a well recognized Forex trading company in Australia. The next stage of YTR's evolution will see growth in many new markets including North America, Europe, Russia, China and other emerging markets. Our research and development team are also working on some very interesting new offerings that will be launching in the near future. As we grow we continue to attract outstanding new talent to YTR. I am very much honored that the Board has asked me to play a more pivotal role in helping to shape the company's future."

Richard Waryn Bio

Previously, Richard was a Managing Director of Dubai Capital Group's private equity activities in the CIS Region. Dubai Capital Group is part of the sovereign wealth structure of the Emirate of Dubai. Richard was also the co-founder of several successful emerging market fund managers including Troika Capital Partners (Moscow) targeting private equity investments in Russia and Centurion Capital (London) targeting private equity investments in Central Europe and Russia. At Emerging Markets Partnership (EMP), he helped launch the US$1.1 billion AIG Asian Infrastructure Fund in 1994, the world's largest emerging market private equity fund at the time. At EMP he also worked on the US$1.6 billion AIG Asian Infrastructure Fund II and the EUR 550 million Emerging Europe Fund. Earlier in his career Richard was an Investment Officer at the International Finance Corporation (IFC), the private sector part of the World Bank Group and a management consultant at Booz-Allen & Hamilton.

Mr. Wayrn was also an adjunct professor of International Finance at Johns Hopkins University and at the Georgetown University School of Management, both in Washington, D.C. He holds a Masters degree in Applied Finance and Economics from Harvard University and a BS with honors from the University of Toronto. Richard was the Chairman of the Uplift Equity Investment Committee and also served as a Member of the Supervisory Board at Escada AG. He also helped raise the $100 million Blue Oak China Fund where he currently serves on the investment committee.

ABOUT YOUR TRADING ROOM: YTR is an international provider of online foreign-exchange financial education, training and proprietary trading services. Dynamic and forward thinking, our company is a reflection of our brand promise, to empower traders globally. This is the foundation that underpins every decision YTR engages in across its broad range of stakeholders. Our difference, market leading solutions supported by four key disciplines: research and development, proprietary indicators & strategies, education & training and live professional coaching. Our LIVE trading rooms provide a superb framework of live support throughout a 24 hour 5 1/2 trading days a week so that all traders, new and established, can take advantage of our knowledge and professional traders. For more information, please visit our website at www.yourtradingroom.com or call 888-766-4811 ext. 111.

Contact Information

  • Contact:
    Your Trading Room
    Patrick Braid
    888-766-4811 ext. 111
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