Industry veteran Mr. Michael Chen was recently named as Chief Executive Officer of CDG Global Group – a multinational financial service provider based out of Cyprus. The group is primarily known as an investment service provider which deals with industrial, financial investments and is also known for its online electronic trading products such as forex, index, precious metals, crude oil.
The move was first made public via changes made to Mr. Chen’s LinkedIn account and it also revealed that he is based out of the firm’s office in Jing’an District, Shanghai, China as he is the CEO of the entire CDG Global Group. While the update was made recently, as per information in his LinkedIn account, Mr. Chen took on the role of Chief Executive Officer for a multinational trading service provider back in the month of August and has been a part of the firm for three months now.
Prior to taking up his current role with CDG Global, he served as General Manager for FX88, another Cyprus based CySEC regulated online forex trading service provider. Chen served at FX88 for 15 months and was based out of the firm’s office located in Shanghai City, China. As General Manager at the firm, he was responsible for establishing the firm’s sales team and managing all teams in the firm’s China office.
During his leadership, the firm saw a 30%-50% better performance on a monthly basis which began in the second half of 2017 and continued steadily until his resignation from the firm in March of 2018. Mr. Chen has served entirely based out of Shanghai and was focused entirely on the forex industry in his thirteen-year long career span as per data in his LinkedIn profile.
Before his term at FX88, he served as Country Director of MTrading for more than a year. Prior to that, he served as Country Director and Chief Representative of Admiral Markets group for nine months. Other notable roles in his career include – Chief Representative of Easy Markets, Senior Account Executive at IFX Markets and Manager of Records Management Service for Crown Worldwide’s Shanghai office. Aside from the firm’s headquarters in Cyprus, the firm has licensed and regulated presence in St Vincent’s & Grenadines and Australia. The firm has more than 100000 active clients and 5000 active IB partners and has an annual turnover of more than US$13 Trillion.