Trive names Ali Cagdas Tuna as CRO
FNG has learned that Retail FX and CFDs broker Trive has named Ali Cagdas Tuna as the company’s new Chief Risk Officer (CRO), in Malta. He will be responsible for risk operations in Malta, which includes directly managing the company’s risk department as well as directing and controlling all risk-related activities.
Ali Cagdas Tuna has been with the Trive group since 2018, starting out as a senior trader at GKFX Prime. He had also previously worked at TeraFX / Tera Europe Ltd, and at GCM Forex.
We had exclusively reported in early 2023 that Retail FX and CFDs broker GKFX (and its institutional brokerage sister arm GKPro) were rebranding as Trive. That followed a 2022 restructuring at Turkey based Global Kapital Group, which included the transfer of ownership of its retail (GKFX) and institutional (GKPro) brokerage arms to Amsterdam based Trive, in which Global Kapital controlling shareholder Kasim Garipoğlu has an interest.
The company’s Malta operation runs the Retail FX part of the business, and was renamed from AKFX Financial Services Ltd to Trive Financial Services Malta Limited as part of the aforementioned restructuring. The retail brand was then changed from GKFX to just Trive.