David George Replaces Burak Akbulut as Tera Europe CEO

Burak Akbulut, who served as the CEO of Tera Europe Ltd for the past five years, has stepped down from the post, leaving the charges to David George.

“I stepped down from [the] CEO role of Tera Europe Ltd as of today and handed it over to David George. I am confident that he will carry the company to another level,” Akbulut wrote in a Linkedin post.

An Experienced Executive

George joined Tera in January 2020 as a Dubai-based Senior Executive Officer and also joined the company’s Board of Directors. Before that, he was the Managing Director and Head of Trading at the Russian investment bank, Renaissance Capital.

He comes with extensive experience in the financial industry with experience of almost three decades.

Based in London, he started his career at Merrill Lynch in 1993 as a Managing Director and Head of Trading of the Emerging Market Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, spending 13 years of his initial career there. In addition, he worked at the London division of Goldman Sachs for seven years as the Managing Director and COO of Emerging Market Equities.

Tera Europe Ltd, which operates the platform TeraFX, has been licensed by the United Kingdom’s Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) since 2012. Furthermore, the company holds a Dubai Financial Services Authority (DFSA) license and is controlled by a Turkish businessman and a former minister, Oğuz Tezmen and his son, Emre Tezmen.

Akbulut joined Tera Europe in June 2016 as the Managing Director after his tenure as a Turkish Chief Executive Officer at the Renaissance Capital. However, he did not disclose his future plans after stepping down from the apex role at Tera.