Exclusive: Itay Rand Steps Down as CEO of FX Empire

Itay Rand has stepped down from his role as FXEmpire (FXE) CEO, ending a nearly two year stint at the financial news portal, Finance Magnates has learned. According his Linkedin profile, he’s now a Principal of 83North. Rand's successor is yet to be announced.

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FX Empire commented on the executive move: "FX Empire would like to thank Mr. Rand for his contribution to FXE's consistent growth over the last two years. Among the many achievements he had, Itay led the switch to a completely new website, based on latest web technologies.”

Prior to working at FXEmpire, Itay Rand had been acting as a consultant at the Boston Consulting Group for two years. Mr. Rand has a Bachelor’s degree in Law and another degree in Business and Accounting from the Hebrew University of Jerusalem. He also has a Master’s degree in Finance, Strategy, and Marketing from the Kellogg School of Management in Evanston, Illinois, USA.

Finance Magnates had reported Mr. Rand’s having joined the company in 2015, after Eran Tal, who was his predecessor, was promoted. Mr. Tal then went on to become one of the chairmen of the company.

Finance Magnates also reported when FXEmpire launched a new version of the company website in the autumn of 2016, which is both desktop and mobile friendly. The then new features and improvements included, but were not limited to, a new instrument view, analysis and data provided based on user preferences, a native advertising unit for traders and brokers, and forecasts with easy navigation.