Exclusive: Turkey’s Gedik Investment Adds Anil Abbak as MD of FX

Istanbul-based multi asset brokerage house Gedik Investment has just announced a new senior appointment, installing Anil Abbak as its new MD of FX business.

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Abbak joins the group with immediate effect to strengthen the organisations’ FX product offerings, while growing its local and international FX presence and enhancing service quality.

Prior to joining Gedik, Abbak worked at Tacirler Investment where he founded the FX arm of the company, serving as Managing Director from 2011 to 2016. His far-reaching role included duties such as developing a sponsorship deal with Galatasaray FC and creating a white label called GS 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.

Before joining Tacirler in 2011, Abbak worked at Alpari as its Country Manager for Turkey.

Onur Topaç, Vice Chairman of Gedik, said: “I’m very happy that Anil has joined our growing business. His broad experience will be an asset to Gedik as we cement our market leading position and build our success. We are an ambitious organization, and Anil will play a key role in supporting the business as a whole.”

Founded in 1991, Gedik Investment is a prominent player in the Turkish Capital Markets. Since the CMB’s leveraged spot transactions communique in 2011, Gedik Investment has captured around 10% of the market share in FX, bringing in a total of ₺787 billion volume in 2015.

Commenting on his new role, Abbak said: “I see a tremendous upside potentials with the seasoned experience of Gedik with its service focused businesses on both institutional and retail side and the huge access to a diversified portfolio of clientele. I am highly motivated to develop the business and contributing the success of company.”