Turkey based brokerage group Global Kapital Group (GKG) has announced the appointment of Selim Sari as Chief Executive Officer for GK Trade New York, its US based brokerage firm.

A former equity trader, Selim Sari has over 15 years of significant and relevant Wall Street experience. Prior to joining GK Trade New York, he served as an International Equity Trader at both Rosenblatt Securities and Auerbach Grayson & Co. Among his other positions, Mr. Sari was VP Asian Equity Sales Trader at Maybank Kim Eng Securities USA.

Having held senior trading positions within various global brokerage firms in the US, he has been instrumental in establishing relationships with US institutional clients and hedge funds and executing their orders in global markets.

As well as driving the firm’s expansion in the US, Selim Sari will develop partnerships with brokers to enable GKG’s international clients to access the US market.

Engin Çubukçu, GKG’s Chairman, said:

“Selim’s appointment marks a further important milestone in the development of our US business. He will spearhead GK Trade New York’s expansion in the country and will also work with us to provide greater access to the US market for our non-US clients. We would like to deliver a more globally integrated set of solutions to our clients and going forward our US operations will play a key part in this strategy.”

Selim Sari, GK Trade New York CEO, added:

“I am excited to have joined GK Trade New York at this important moment in the evolution of the business. The United States is clearly a crucial market for GKG’s international clients.”

GK Trade New York, which trades securities and mutual funds, is registered with the Securities and Exchange Commission and licensed by Financial Industry Regulatory Authority (“FINRA”).

Global Kapital Group, which operates the GKFX and GKPro FX brokerage brands, has made four acquisitions over the past year to increase its global reach and products. The Group entered the US with GK Trade New York by acquiring a FINRA licensed broker-dealer, the Australian market with ASIC licensed FairMarkets, the Mauritian market with FSC licensed GK Trade International, and the Turkish market by the takeover of Işık Menkul, a CMB regulated multi-asset broker. Global Kapital Group is controlled by Turkish businessman Kasim Garipoglu.