GKPro onboards Britannia CFO Adam Dougall as CEO
FCA-regulated institutional CFD and FX brokerage, GKPro (formerly GKFX UK) has appointed Adam Dougall as its new Chief Executive Officer. GKPro is the professional and institutional trading division of Global Kapital Group (“GKG”).
Adam Dougall is assuming his position based out of London and has already stepped into the role since May. He brings more than two decades of experience to GKPro, having spent the bulk of his career at many FX brokers.
Most recently, Dougall served as chief financial officer (CFO) at FCA-regulated broker Britannia Global Markets Limited (formerly Destek Markets).
Prior to Britannia, Adam spent nearly two years at UK broker IKON Finance, which exited the retail forex market in 2017 following regulatory restrictions by the UK Financial Conduct Authority (FCA). In 2018, he was given a senior management position and tasked to lead the firm out of VReq.
Additionally, Dougall’s career includes a seven-year stint at FXCM as a Financial Controller. He returned to FXCM in 2017 as an external consultant on an interim basis to assist in the completion of the company’s annual financial projections and ICAAP and Internal Liquidity Adequacy Assessment Process (“ILAAP“) documents, his Linkedin profile shows.
Adam started his career at the retail arm of Cantor Fitzgerald in 2000, where he spent more than six years in multiple roles.
GKPRO leverages FCA license to serve professional clients
The move to hire Dougall is clearly intended to boost bottom-line sales and expand the reach of GKPro operations as it continues to build market share.
As the regulatory landscape across Europe has changed, the parent of GKPro has refocused its UK brand, which had been housing both retail and professional clients, to target wholesale clients.
From a background in accounting, he will be focused on further developing the global sales of GKPro’s growing prime of prime brokerage, as well as technology sales and client acquisition.
Commenting on the news, 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.”