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The first Swiss Forex broker to obtain a Swiss banking license,M I G BANK continuesits ascent
Neuchitel, December 1fth, 2009 - Neuchitel-basedForeign ExchangeBroker M I G, is the first currencytrading comPanyin Switzerlandto be approved by the Federal Financial Market Authority (FINMA),thus becoming M I G BANK. The revisionof the decree on Supervisory banks affecting Forex brokers came into effect on April 1st 2009 and meansthat SwissForex must obtain a bankinglicense companies to continuetheir activity.
As the first Forex broker, to obtain a banking licensein and the third bank headquarteredin NeuSwitzerland ch6tel,M I G BANK hastaken a decisiveleap forwardin its development,enabling it to accelerateits growth in Swilzerland and internationally as a provider of specialized currencytrading services and productsfor private and institutional clients. "This outcome is no coincidence." states Hisham Mansour, CEO of M I G BANK."We anticipatedFlNMA,s requirements and have been preparingfor this change in status for .nearly 2 years. Obtaining the banking licenseis a major phase in our planned development. It will allow us, in particular.to diversify our activities by providing brokerageservices in preciousmetalsand offer other added value services as well." M I G BANK aims to offer two key serviceskill sets to its clients:the rigor and securityof a Swissbank, coupled with the versatility and responsiveness associatedwith a Forexbroker."As one of the global leadersin online Forextrading,we will continueto focus
on Forex services and products as a bank. Among our distinguishingfeaturesis our ability to provide clients with the best trading conditions,a high level of service and now the securityof a SwissBank,in a financialmar_ ket that allowsfor largevolumesto be handledand that has experienceda sharp increasein popularity,,, adds HishamMansour. journeyis a true success M I G BANK's story.Established in Neuchitel in 2003,underthe name M I G Investments 5A, M I G BANK today employs closeto 100 people of different nationalities speakingmore than 30 languages, thus providing the necessarycommunicationand culturalskillsto serve customersin over 120 countries. The companyis committedto leading innovationin its sector in terms of technology,having set up an lT Researchdivisionin Amman.Jordan,as well as in terms of operational integrilr, through ISO certifications for quality and information security, and a philanthropicagendi with UNICEF, now in its third year of partnership.
A family history
Born in Jordan,Hishamand WissamMansourlaunched their first online trading company, Future Horizons, for Investmentsand Trading, in Amman, along with their father,George. When the company took off, the Mansoursdecided to move to Switzerland to target a more international/global clientele, and, in 2003,they started M I G Investments,which rapidly became one of the leadersin online Forextrading. Together, Hishamand WissamMansourhavedeveloped a company culture,strongly based on trust, teamwork and exceedingtargets.They champion a management style which encouragesresponsibilityand autonomy among their employees. Hisham Mansour has a degree in Finance from the Universi\r of Jordan and an ExecutiveMBA from the BusinessSchool of Lausanne.He started his professional career in 1999.Wissam Mansour has a degree in Finance and Banking from the Al-Ahliyya Amman University, as well as an Executive MBA from the Business Schoolof Lausanne, He started his professional careerin 2001,in Amman.