Stephen Lemonides, who served as Chief Financial Officer at GKFX Financial Services until May 2017, has become the Head of Finance at Ahoy Club. He will look to embark on his newly acquired position, while exemplifying his expertise gained from a robust financial background. Headquartered in London, Ahoy Club is part of the Axiom Club Group, and is a computer software company providing a platform for “booking and managing the global luxury yacht fleet online.”
Experience is Key
Mr. Lemonides has had a great deal of experience in executive level positions throughout his career. After starting out his career as a 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 system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
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 system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
Read this Term Officer at Aspinalls Club Ltd. back in 1999, he took a significant leap when he became CFO of Allcom Pia Tel Ltd. in 2005.
Mr. Lemonides remained in this position for two and a half years, before joining SVS Securities, where he acted as Director of Finance and Operations during a six year stint with the company. According to his LinkedIn profile, his tasks included being “Responsible for Finance and the day to day running of the middle and back offices such as Settlements, Compliance, IT and HR for the Group.”
His relatively lengthy tenure at SVS enabled him to oversee more than just a financial department, acting as director of operations as well. It therefore makes sense that as he left the company in May 2014, he immediately took on a similar role for Pia Markets, becoming Chief Financial and Operating Officer until June 2016.
Prior to taking his current position, Mr. Lemonides worked for a short period as Chief Financial Officer for GKFX Financial Services. He only remained active in this position for ten months, leaving in May 2017 for unspecified reasons. GKFX has had active turnover at the executive level as of late, as just this past Friday, acting CEO Serkan Arli resigned from the board of directors. Moreover, the company saw board member Kasim Garipoglu step down, and he was replaced by the newly hired CFO Rod Martenstyn.
As he begins his new journey, he will look to improve the company’s financial performance by embedding his knowledge and experience into company operations.
Stephen Lemonides, who served as Chief Financial Officer at GKFX Financial Services until May 2017, has become the Head of Finance at Ahoy Club. He will look to embark on his newly acquired position, while exemplifying his expertise gained from a robust financial background. Headquartered in London, Ahoy Club is part of the Axiom Club Group, and is a computer software company providing a platform for “booking and managing the global luxury yacht fleet online.”
Experience is Key
Mr. Lemonides has had a great deal of experience in executive level positions throughout his career. After starting out his career as a 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 system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
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 system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others.
Read this Term Officer at Aspinalls Club Ltd. back in 1999, he took a significant leap when he became CFO of Allcom Pia Tel Ltd. in 2005.
Mr. Lemonides remained in this position for two and a half years, before joining SVS Securities, where he acted as Director of Finance and Operations during a six year stint with the company. According to his LinkedIn profile, his tasks included being “Responsible for Finance and the day to day running of the middle and back offices such as Settlements, Compliance, IT and HR for the Group.”
His relatively lengthy tenure at SVS enabled him to oversee more than just a financial department, acting as director of operations as well. It therefore makes sense that as he left the company in May 2014, he immediately took on a similar role for Pia Markets, becoming Chief Financial and Operating Officer until June 2016.
Prior to taking his current position, Mr. Lemonides worked for a short period as Chief Financial Officer for GKFX Financial Services. He only remained active in this position for ten months, leaving in May 2017 for unspecified reasons. GKFX has had active turnover at the executive level as of late, as just this past Friday, acting CEO Serkan Arli resigned from the board of directors. Moreover, the company saw board member Kasim Garipoglu step down, and he was replaced by the newly hired CFO Rod Martenstyn.
As he begins his new journey, he will look to improve the company’s financial performance by embedding his knowledge and experience into company operations.
