UK-based, FCA-regulated broker GKFX Financial Services, known as GKFX, has secured the services of former Saxo Bank veteran, David Ledsham, who joins the broker as Non-Executive Director and member of the Risk & Audit Committee and the Remuneration Committee.
Mr. Ledsham had been a mainstay at Saxo Capital Markets UK since 2008 when he originally joined the multi asset broker. During his tenure at Saxo, he worked as its Finance Director until late 2011, when he received a promotion to the role of Chief Operating Officer (CEO), a position he had held up until he departed.
Per his LinkedIn profile, David’s Directorship had been relinquished with Saxo Capital Markets UK in September 2015, snapping a 7-year tenure with the Danish broker.
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Prior to Saxo, he served in a number of executive positions, part of a career spanning over four decades. These include Chief Financial Officer at The EBS Partnership, as well as the Finance Director at IIIR plc.
In October 2017, GKFX released its latest annual statement for 2016 which failed to duplicate what had been a strong FY 2015 that saw the company reports a profit of $9.06 million (£6.8 million). Just 16 months later, GKFX managed to pare this figure, registering a loss of $335,650 (£251,052).
GKFX has recently changed its fiscal year period to adopt January-December, moving on from the September-August period used since its inception in 2010.
The move is aimed at aligning the company’s financial accounting and fiscal policies with the majority of its global peers. The standardization should ensure uniformity in collection and analysis of operational data from its foreign subsidiaries which are located in London, Madrid, Frankfurt and Istanbul.