The former Chief Executive Officer (CEO) of GKFX has taken on a new role at London Capital Group (LCG), Finance Magnates has learned. In particular, he has become a Managing Director with the online trading provider.

LCG is a leading provider of contracts for difference (CFD) trading in the United Kingdom. As the name suggests, the company is headquartered in London, and according to the LinkedIn profile of Rob Woolfe, the former CEO of GKFX, he started working with the company in November of 2019.

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As Finance Magnates reported, Woolfe, who founded Capital Index, became the CEO of GKFX in 2018, with his appointment coming two months after Brian Myers, GKFX’s former CEO, resigned from the firm.

Woolfe took up the role of CEO after having spent more than a decade in the industry. He joined GKFX from Capital Index, which he founded. The retail broker was launched in early 2014 and received regulatory approval from the Cyprus Securities and Exchange Commission in the same year and from the British Financial Conduct Authority in 2015.

Woolfe started at IG Index

Woolfe started his career working in sales with IG Index, now a part of the IG Group. According to his LinkedIn profile, he worked with the brokerage from September 2005 until October 2008.

From here, he moved on to ETX Capital, where he was the Head of FX. Ishaq Siddiqi, a former Market Strategist with ETX, told Finance Magnates in 2013 that Woolfe was “was instrumental in setting up the FX desk” for ETX.

Woolfe was a part of the ETX Capital team for more than five years. Initially joining in November of 2008 and leaving in December 2013 to set up Capital Index.

Finance Magnates has reached out to Woolfe and LCG to get more information on the appointment. At the time of publishing, we have not received a response.