FNG Exclusive… FNG has learned that Turkish brokerage group Global Kapital Group (GKG) has hired Adam Dougall as CEO of the company’s London-based, FCA regulated arm, GKFX Financial Services Limited.
GKFX Financial Services Limited, or GKFX UK, operates mainly under the GKPro brand, providing B2B institutional FX and CFD services to smaller FX brokers as well as professional and institutional traders. The company’s main “GKFX” retail facing brokerage arm was moved from GKFX UK to the group’s Malta based subsidiary AKFX Financial Services Ltd in 2019-2020, which led to some losses booked at GKFX UK.
Adam Dougall was European Financial Controller at FXCM for seven years from 2010-2017. Since then he has worked as CFO at IKON Finance, and most recently as CFO at Britannia Global Markets (the renamed Berkeley Futures Limited). He effectively replaces Iain Rogers as CEO of GKPro – Mr. Rogers left earlier this year, as was also exclusively reported by FNG, and is now with the UK arm of rival Turkish FX broker Finveo, as CEO of Finveo UK.
Engin Çubukçu, GKG’s Chairman said:
“GKPro has been very successful offering brokerage services to institutional clients in the UK for over 10 years. Under Adam’s leadership and with GKG’s support, GKPro will be able to capture the considerable potential in the growing B2B market and implement its strategy of expanding its offerings to serve a greater B2B customer base.
Innovation, simplicity, people, and integrity are the core values of GKG alongside latency, spread and competitive commissions, which are fundamental to GKPro. Adam’s appointment brings further strength in these areas. The addition of Adam’s diverse experience, and finance and compliance track record, aligns strongly with both GKPro and the wider Group’s values.”
Adam Dougall, GKPro CEO, added:
“I am delighted to join GKPro at this crucial and interesting stage in its growth journey. B2B brokerage is full of opportunities and GKPro can make a real difference. It is an exciting time for the trading market.”
The GKFX group is controlled by Turkish businessman Kasim Garipoglu, via his Istanbul based holding company Global Kapital Group. In addition to the GKPro / GKFX brands, Global Kapital Group owns Australia based FX broker FairMarkets, which it acquired last year.