the former FXFlat Bank GmbH will become FXFlat Bank AG. The conversion into a public limited company comes into effect with the entry in the commercial register on October 15. "The new legal form as a stock corporation is the next logical step in the further development of FXFlat - this raises us as an online broker, but also fundamentally as a company once again to a higher level," explains Rafael Neustadt, founder and previous CEO of FXFlat Bank GmbH. Rafael Neustadt will move to the Supervisory Board of the AG in the course of the conversion and will preside over the body.
In the future, Samed Yilmaz and Andreas Hana will form the Management Board of FXFlat Bank AG. Samed Yilmaz most recently held the position of Chief Financial and Operating Officer (CFOO) at FXFlat Bank GmbH, while Andreas Hana was previously responsible for the company's accounting department.
Samed Yilmaz comments on his new position as follows: "I am very much looking forward to the task of helping to drive the company's further development on the basis of its known strengths. After all, there are quite a few of these: a broad product range, multi-award-winning customer service, and first-class terms and conditions." Fellow board member Andreas Hana adds, "We also expect the move to a public limited company to increase our visibility once again, especially with regard to our presence and perception in new markets."
FXFlat has held a securities trading bank license from BaFin for a good seven years. About the expansion plans the FXFlat bank AG will announce further details in the coming weeks.
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