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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that FCA regulated retail FX and CFDs broker GKFX has added Rod Martenstyn as its new CFO.
Rod Martenstyn joins GKFX from Finsa Europe Ltd, the parent company of spread betting and CFD trading brokerage Core Spreads, where he held a similar role. Mr. Martenstyn has also resigned from the board of Finsa Europe.
Rod Martenstyn had been CFO and Head of Compliance for Finsa Europe / Core Spreads for the past three years. He has also been a Financial Business Analyst reporting to the MD of Equities for Tullett Prebon, before setting up his own institutional equity brokerage firm in 2006.
Brian Myers, GKFX Managing Director said to LeapRate about Mr. Martenstyn’s hiring:
Rod brings a huge amount of expertise and experience in both Finance and Compliance to GKFX. Joining and strengthening my Executive Team, I’ll work closely with him to continue to grow our business globally.
The addition of Mr. Martenstyn marks the latest in a hiring spree by GKFX, which is clearly gearing up for growth after the company recently raised $15 million, as was also exclusively reported by LeapRate. That actually marks the second major fundraising by GKFX over the past few months.
As far as other recent hires go, we’ve also exclusively reported that GKFX added PhillipCapital and CMC Markets veteran George Sassoon as Head of Sales, and Hannah Hill from eToro as Head of PR and Brand. Late last year Brian Myers joined GKFX as Managing Director, after leaving his position as VP Sales at Oanda UK.
Mr. Martenstyn leaves Core Spreads in fairly good financial shape. In the company’s latest financial report for 2016 Finsa Europe / Core Spreads reported year-over-year Revenue growth of 60% to £8.0 million, although the company seems to be operating near break-even on the bottom line.