Exclusive: CEO of Binary Options Subsidiary of GKFX, GKOption, Resigns

The Chief Executive Officer (CEO) of GKOption, Sydney Ifergan, has resigned from his position at the binary options brokerage, the former employee of the company confirmed to Finance Magnates. The subsidiary which is wholly owned by Turkish brokerage GKFX, has been a brand owned by British Virgin Islands Financial Services Commission (FSC) regulated firm GKFX Investment Group Limited.

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Sydney Ifergan had been heading the company for about a year, since October 2015. Before joining the firm he led Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term efforts at a number of key firms in the binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry including Stock.com, Interactive Option and iOption.

The move marks another senior executive departure for GKFX after the UK subsidiary of the company lost its Managing Director Joe Rundle after he headed the firm for a very short period of time in August. His appointment was preceded by a one year tenure from Jacob Plattner.

After several senior departures from the subsidiaries of GKFX, the company, which has been expanding into the UK and European market, has been faced with a talent shortage. GKFX has committed substantial resources after securing a three year contract as an official trading partner of Italian football club AC Milan.