Beirut, December 3rd, 2010: In the context of celebrating FXCM's launching IPO this week in Wall Street, Michel Daher, a successful Lebanese industrialist and businessman, took part together with the FXCM board in ringing the opening bell ceremony at the New York Stock Exchange (NYSE).
This highly publicized event in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes the button that signals the bells to ring is considered to be quite an honor and a symbol of a lifetime achievement.
In 2007, Michel Daher joined Lehman Brothers, Long Ridge Equity Partners, and Yale University in the purchase of Refco's 35% stake in Forex Capital Markets (FXCM) and became a major shareholder and board member in FXCM, the largest retail Forex Company in the world with more than 150,000 clients. FXCM is based in New York and has offices in Texas, Hong Kong, London, China, Japan, Beirut and Dubai.
As the largest shareholder in FXCM, Michel Daher led the transformation of the company, making it a success story all the way through the IPO in less than 3 years. The company shares started trading in Wall Street on Thursday December 2nd under the symbol "FXCM".
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© Press Release 2010
