The FCA-regulated leading online trading brokerage group for forex, GKFX Financial Services has hired Capital Index founder Rob Woolfe as the company’s CEO. The appointment comes after Brian Myers, GKFX’s former CEO resigned from the position some two months ago.
Myers was in the role for about 15 months and was appointed after Serkan Arli, earlier CEO at GKFX resigned from the firm along with former CFO, Kasim Garipoglu in December 2016. Joining new CEO, Rob Woolfe is a founder of UK/Cyprus based spread betting firm Capital Index that was launched in early 2014 and received necessary regulatory approval from the Cyprus Securities and Exchange Commission in the same year and from the British Financial Conduct Authority in 2015.
Prior venturing out to co-found Capital Index in 2014, Mr Rob was serving ETX Capital as Head of Fx from 2008-2013. He began his career in sales with IG Index, now a part of IG Group. He departed the active management of Capital Index few month ago with COO Joanne Page and was involved with the firm as interim CEO. Now it has to be looked after, what kind of relation does Rob Woolfe keeps with Capital Index. The firm has posted extremely positive results and has almost doubled its profit from the last year.
Rob Woolfe’s appointment in GKFX also comes at a time, when it is going through a turbulent times within the company and also the industry with new regulations by ESMA coming into force restricting retail margin tradings. Earlier in May, GKFX has reported 14 per cent decrease in revenues £60.9 million and a profit of £1.4 million in 2017.