The Chief Executive Officer (CEO) of GKOption, Sydney Ifergan, has resigned from his position at the binary options brokerage, the former employee of the company confirmed to Finance Magnates. The subsidiary which is wholly owned by Turkish brokerage GKFX, has been a brand owned by British Virgin Islands Financial Services Commission (FSC) regulated firm GKFX Investment Group Limited.
Sydney Ifergan had been heading the company for about a year, since October 2015. Before joining the firm he led marketing efforts at a number of key firms in the binary options and forex industry including Stock.com, Interactive Option and iOption.
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The move marks another senior executive departure for GKFX after the UK subsidiary of the company lost its Managing Director Joe Rundle after he headed the firm for a very short period of time in August. His appointment was preceded by a one year tenure from Jacob Plattner.
After several senior departures from the subsidiaries of GKFX, the company, which has been expanding into the UK and European market, has been faced with a talent shortage. GKFX has committed substantial resources after securing a three year contract as an official trading partner of Italian football club AC Milan.