CFH Clearing Adds Ayhan Gurcuoglu as VP of International Sales

CFH Clearing, a prime of prime broker, has secured a new Vice President of International Sales - Turkish financial markets expert Ayhan Gurcuoglu, according to a statement shared with Finance Magnates this Monday.

At CFH Clearing, Gurcuoglu will take charge of client management and new business development in Turkey. In his new role, he will report to Paul Groves, Head of European Sales.

Part of Playtech plc’s financial division, TradeTech Group, CFH Clearing has a global client base of more than 600 institutional clients located across 83 countries. Its customers range from leading retail foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) brokers to fund managers.

Commenting on the appointment, Paul Groves said: “Ayhan’s appointment reflects CFH’s strategy of building our team with experts from key regions. Making a hire of this calibre also reinforces our belief in the Turkish FX and CFD market and shows our commitment to working with institutional clients in the region."

“Ayhan’s Turkish language skills, cultural understanding and in-depth knowledge of how best to help clients in the region will be invaluable as we continue to grow our business.”

Ayhan Gurcuoglu Joins CFH Clearing with 18 Years Experience

Gurcuoglu joins the prime of Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term with more than 18 years of experience in the financial industry. During his career, he has held a number of positions including five years at Sanko Securities.

According to the statement, whilst at Sanko Securities, Gurcuoglu played a key role in establishing the organization's forex and contracts-for-difference (CFD) departments. He also was employed at Sucden Financial as Regional Manager for Turkey for three years.

Most recently, he was the Regional Sales Manager (Turkey) at Stater Global Markets. According to his LinkedIn profile, he joined the firm in October of 2018 and held the role until last month.

“CFH Clearing is an established and respected firm in Turkey, with an excellent reputation and a strong client base of brokers and banks in the region. I am looking forward to joining the CFH team and helping them build on their success,” added Ayhan Gurcuoglu.