Operating
in the market for three decades, iFOREX announced today (Tuesday) that after a
seven-year absence, Hemi Algranaty has returned to the company to serve as Head
of Innovation. At the same time, the FX/CFD broker renewed its sponsorship
agreement with PSV Eindhoven, the Dutch club competing in the Champions League.

iFOREX Names New-Old
Executive

The company
named Algranaty as Head of Innovation, returning to the firm where he
previously served as Chief Technology Officer from 2006 to 2018. Algranaty, who
most recently worked as CTO at Wiser Market, will oversee artificial
intelligence implementation and product development initiatives.

Pavlos
Antoniou also joins as EU Marketing Director after serving as Global Creative
Operations Director at Dilagon. The appointment comes as the company increases
resources dedicated to expanding its European operations.

“Welcoming
Hemi and Pavlos to our team marks an exciting phase of our growth,” said iFOREX
Chief Executive Officer Itai Sadeh. “Their extensive expertise and experience
will be invaluable as we build upon our offering and access new markets, and I
look forward to collaborating with them both.”

PSV Eindhoven

The company
also renewed its marketing partnership with PSV Eindhoven, a Dutch football
club that plays in the Champions League. The financial terms of the partnership
were not disclosed.

“As we
continue to thrive in a rapidly growing market, continuous investment is
crucial to our goal of becoming a leader in the electronic trading
industry,” Sadeh added. “This focus ensures we remain at the forefront of
innovation and excellence, delivering unparalleled value to our clients.”

iFOREX,
founded in 1996, operates under Cyprus Securities and Exchange Commission
regulation and offers trading in over 870 contract-for-difference instruments
through its proprietary platform.