Iain Rogers hired to head UK arm of Turkish FX broker Finveo
Finveo Limited, the FCA licensed arm of Turkish retail FX broker Finveo, has announced the appointment of Iain Rogers as its Chief Executive Officer.
Finveo UK was set up in 2018 and received its FCA license in early 2020. The company is a subsidiary of Turkish firm Inveo Investment (IST:INVEO), which is controlled by Turkish businessman Erhan Topac.
As was reported exclusively by FNG earlier this year, Iain Rogers left his role as CEO of another Turkey-controlled Retail FX firm, GKFX, after GKFX UK decided to focus exclusively on institutional business (branded as GKPro) while moving the retail brokerage business under the GKFX banner to a Malta subsidiary. Before joining GKFX Iain Rogers was briefly at GMI-UK, served as Managing Director of Pepperstone UK (2017-2019), and was CEO of Admiral Markets UK (2015-2017).
Iain Rogers said of his new role at Finveo:
“I’m thrilled to be leading the Finveo UK team, we are building on the existing strong foundations that already exists across the Inveo group of companies through collaboration and innovation. I will be working to accelerate the firm’s effort in becoming a key element within the online trading ecosystem for exchange traded and OTC products and services.”
Onur Topac, Vice Chairman of Inveo Investment Holding, commented:
“I’m pleased to announce the appointment of Iain Rogers as the new Chief Executive Officer of Finveo UK effective from 23 August 2021. His broad experience and knowledge to this important role will be an asset to Finveo along with his exceptional track record of growing businesses and delivering strategic transformation. His appointment reflects the ambition of Inveo’s 5 year $100 million planned investment into geographical and digital expansion.”
Inveo Investment is a holding company focusing on “value investment” and having a variety of businesses with weight on capital markets, including its Turkish Capital Markets flagship operation Gedik Investment Securities. The group also operates Marbas Securities (TR), Finveo (Montenegro) and the newly established INVEO Bank.