LeapRate Exclusive… LeapRate has learned that GKFX has continued to reshape its senior executive and directorship arms, with current board Chairman Nick Beecroft departing the board and the company bringing on board Marcus Scarlett as his replacement as Chairman.
Mr. Scarlett’s formal taking of a director position and the Chairman’s role is still subject to regulatory approval.
Nick Beecroft had left the FxPro UK board to take on the Chairman’s role at GKFX – one of the largest privately held UK-based Retail FX brokers with 2017 Revenues of £60.9 million – in September of last year, as was exclusively reported at the time at LeapRate. He had served as Chairman at Saxo Bank UK from 2009-2015.
Marcus Scarlett was CFO of ETX Capital from 2012-2015. He has also served as CFO of the Marex Spectron Group, and as COO of the UK arm of SEB.
The board level changes at GKFX mirror changes made recently in the management suite of the company. GKFX CEO Brian Myers recently departed to head up the UK arm of Divisa Group / Equiti, and was replaced in the CEO role by Rob Woolfe, co-founder and CEO of UK/Cyprus spreadbetting firm Capital Index. Interestingly, Mr. Woolfe and his new Chairman Mr. Scarlett worked together at ETX Capital earlier this decade.
A company representative provided the following statement to LeapRate on the matter:
Nick Beecroft has resigned from his position as Non-executive Chairman of GKFX Financial Services Ltd, to enable him to pursue other private and business interests, and we are delighted to announce that Marcus Scarlett will replace him in this role, subject to regulatory approval.