New GKFX CFO Rod Martenstyn Takes Board Seat as Garipoglu Steps Down

Rod Martenstyn, the recently appointed CFO of GKFX Financial Services, the FCA-regulated brokerage subsidiary of GK Group, is also joining the board of directors of the firm. The news comes after he joined the top management of the firm in July this year.

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Stepping down from the company’s board is Kasim Garipoglu. He has been an investor in GK Group since 2010.

The Managing Director of the company, Brian Myers, commented to Finance Magnates: “There have been some strong developments to the GKFX Board of Directors. Recently Nick Beecroft joined us as Chairman, bringing with him decades of invaluable experience in this industry. Rod Martenstyn, our CFO, also joins us as an Executive Director.”

”Rod brings a skillset and experience that compliments the Board and our focus on corporate governance framework extremely well. With these movements in mind and with full confidence in the direction of the company and its Board, Kasim Garipoglu has stepped down but will continue to support the company as Shareholder.” Myers elaborated.

Martenstyn comes with significant executive experience after having served as CFO and Head of Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term at FINSA Europe for 3 years. With several roles in finance and compliance, he is coming with significant expertise in the field.

GKFX has seen a number of executive reshuffling moves in recent years. Recently the company posted its financial metrics for 2016. The firm has been restructuring its operations and last year changed the way that it reports its financial results.

The company posted revenues of £94.5 million for fiscal 2016 that ended in December last year. Despite the sharp increase in turnover, the firm posted a loss of just over £250,000.

With FX Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term slowly returning to the market after an anaemic start to the year, the company’s expansion last year well positioned it to capitalise on its efforts.