PFGBEST, a non-clearing US futures commission merchant, has created new global services division and appointed Scott Slutsky as its managing director. He came on board with the PFGBEST acquisition of the customer assets of Alaron earlier this year. He is a former board director of the Chicago Mercantile Exchange (CME) and is a current director of the CME/CBOT/NYMEX PAC committee.

Mr Slutsky’s will lead PFGBEST efforts to supply global investors, both institutional and retail, with educational programs on markets and trading in addition to promoting its electronic platforms, products and services.

Russell Wasendorf, president and COO of PFGBEST, said: “PFGBEST has experienced its fastest growth in its history in the past several years largely due to the advancement of foreign investor understanding and need for risk management capabilities through the use of commodity and financial futures, futures options, and foreign exchange.

“We look forward to Scott Slutsky expanding his extensive network of clients as he travels the globe to represent PFGBEST, continuing to teach individuals and institutional investors how they can integrate futures, options and forex into their overall portfolio management and risk management strategies.”