GAIN Capital Promotes Joseph Schenk to Lead Board of Directors

GAIN Capital (NYSE:GCAP) has just announced that following the resignation of Peter Quick as chairman of the company’s board on the 27th of September, Joseph Schenk has been elevated to the position.

Schenk's position of independent director will be filled by Alex Goor, who is a former Chief Information Officer of Interactive Data Corporation.

Commenting on the moves, CEO Glenn Stevens said: “Joe Schenk has been an integral member of our board since 2008 and we have confidence that his leadership and deep understanding of our business will help drive long term strategic growth.”

“The Board joins me in thanking Peter Quick for his dedication to our company over the past seven years in his role as Chairman and are pleased that he will continue to support us as an independent director. Additionally, we welcome Alex Goor, an experienced financial services industry executive, who has helped leading companies evolve and increase in value over time through both organic and inorganic growth strategies.”

Mr Schenk has been on the board of GAIN Capital since April 2008. Presently he is Managing Director at Westaim Corp, a Toronto-based investment firm. Prior to joining the company Mr. Schenk worked with the Carlyle Group as a senior advisor beginning in 2012.

The new independent director, Alex Goor, has spent over 20 years building electronic financial markets. He comes with both technical and general management experience.

After working as Chief Strategy Officer of Datek Online Holdings Corporation, where he supervised all business development efforts. Mr Goor became Co-CEO and CIO of institutional agency brokerage Instinet.

Over the 17 months he and his team spent at the company, the firm's value increased 6 times. Between 2010 and 2015, Alex was Chief Information Officer of Interactive Data Corporation (IDC), which was sold to ICE/NYSE for $5.3 billion.