FNG Exclusive… FNG has learned that Mustafa Sahin, Chief Compliance Officer and Executive Director at Trive Financial Services UK Limited, has left the company.

Mustafa Sahin had been with Trive UK since 2020. He had previously worked at TurkishBank UK, Deutsche Bank, UBS, and JP Morgan.

The move should not be too unexpected for FNG readers, after we had exclusively reported here at FNG last year that the Trive group had applied to cancel its UK FCA license, as Trive apparently prepares to depart the UK (and institutional services) market, to focus on the retail brokerage business. Trive’s application to cancel is still pending with the FCA, more than a year after the company made its initial request. Trive UK, which operated the Trivepro brand, had held its FCA license since 2010. The cancellation application came after Trivepro saw the departure of its CEO Adam Dougall, as well as institutional sales head David Papier.

Trive is controlled by Turkish entrepreneur Kasim Garipoglu. The company underwent a rebranding from GKFX (and GKPro in the UK) to Trive / Trivepro in 2023.