GKFX may have once again lost a key figure in its management group, with London based Managing Director Joe Rundle rumored to have parted ways with the company after about two weeks with the brokerage, sources with knowledge of the matter shared with Finance Magnates.

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Mr. Rundle originally stepped into the role of Managing Director at GKFX earlier this month, having succeeded Jacob Plattner, who had been with the broker for nearly a year. Rundle was GKFX’s replacement to the outgoing Plattner, who had originally joined the company back in 2015 from Alpari UK.

Rumors picked up by Finance Magnates are pointing towards Rundle’s early exit with one source sharing with Finance Magnates reporters that Joe Rundle is currently on leave from the company. Mr. Rundle’s short-term stint with the company began in mid-August 2016, which saw him based out of the group’s London office. He joined GKFX from ETX Capital, during which he held the title of Head of Trading and Partnerships for over six years.

In his capacity he oversaw a variety of functions, including the oversight of day to day trading desk, risk management efficiency, several product channels, and the negotiation of relationships with prime brokers and liquidity providers. Additionally, he worked as the Head of CFDS and Execution at ETX Capital, having joined the group back in 2006, according to information made public on his Linkedin profile.

Finance Magnates has reached out to the company to enquire about the status of its managing director, but at the time of publication no official response has been received.