FNG Exclusive… FNG has learned that FCA regulated FX and CFDs broker GKFX Financial Services Ltd has seen the departure of Executive Director Iain Rogers.

Iain Rogers had joined GKFX in 2019, at a time when the UK company was phasing out Retail FX to focus on becoming an institutional and professional-trader broker. The company adopted the GKPro brand in the UK, and “moved” its GKFX retail FX brand to an EU based (Malta) subsidiary AKFX Financial Services Ltd. Those changes led to a £9 million 2019 loss for GKFX UK. (The company hasn’t yet released 2020 results).

Mr. Rogers’ departure continues something of a revolving door phenomenon in the CEO suite at GKFX. Mr. Rogers had replaced Rob Woolfe as CEO of GKFX, whose tenure lasted a year before he left to London Capital Group. Rob Woolfe had replaced Brian Myers, who was CEO for under two years, before leaving in 2018 to head up the Equiti Capital institutional business.

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).

The GKFX group is controlled by Turkish businessman Kasim Garipoglu, via his Istanbul based holding company Global Kapital Group. In addition to the GKPro / GKFX brands, Global Kapital Group owns Australia based FX broker FairMarkets, which it acquired last year.