Michael Sarris Non-Executive Director

FxPro Financial Services Ltd (FxPro), a leading global retail broker in FX and CFDs today announces the appointment of Michael Sarris as Non-Executive Director. He assumes the role on 1st September, 2010.

Michael Sarris brings a wealth of international financial experience accrued over 35 years in a number of important and high profile positions. In 1972 he started his career in the research department of the Central Bank of Cyprus before moving to the Bank of Cyprus in 1974 to work on planning and project analysis. He joined the World Bank in 1975 where he remained until his retirement as a Department Director at the end of 2004.

In the course of his career at the World Bank his work covered a broad range of sectors in Africa, Latin America and East Asia. His responsibilities included the provision of advice on policy issues for economic and social development, the creation of programmes for structural reform, supervision of the Bank’s country strategies and the development of economic policy dialogue, between the Bank and the national authorities of countries seeking World Bank assistance.

Appointed Minister of Finance by the Republic of Cyprus

In September 2005, the President of the Republic of Cyprus, appointed him as Minister of Finance, where he served until the change in government in March 2008. During his tenure, Cyprus prepared for and successfully introduced the Euro as its national currency.

Panagiotis Xydas, Chief Executive Officer of FxPro commented,

“FxPro is delighted to make this very important and high calibre appointment. We look forward to welcoming Michael to our team and his unparalleled expertise accrued over a long and successful career with the World Bank and as Minister of Finance, will be of great benefit to our business at a time of exciting growth and development. I am sure that Michael will make a significant and valuable contribution as FxPro continues to develop its capabilities to be recognised as the world’s preferred Fx broker.”