GKFX Parts Ways with Non-executive Chairman Nick Beecroft

UK-based, FCA-regulated broker GKFX Financial Services, known as , has parted ways with its Non-executive Chairman Nick Beecroft, less than one year after he was elected to take over the brokerage’s leadership, a filing with the UK Companies House shows.
Mr. Beecroft confirmed his departure to Finance Magnates without providing more details. “I resigned on 7th June, entirely of my own volition, to pursue my other private and business interests. I remained on completely amicable terms with GKFX, and was thus happy to work my notice period, which expired yesterday,” he said.
Nick Beecroft has been deeply involved in the foreign exchange industry since 1981 when he started his career at Citi, ultimately part of his overall 37-year tenure in the industry. After holding senior positions at Deutsche Bank, Standard Chartered, and holding non-executive roles with London FX brokers, he founded his own consultancy HP Economics in 2015.
At present, Nick Beecroft is also holding two other directorship positions – he’s a non-executive director at Crown Agents Bank and the National Bank of Egypt.
A long history for an industry veteran
Prior to joining GKFX in November 2017, Mr. Beecroft worked as Non Executive Director with UK brokerage FxPro for just one year. This appointment followed his departure from where he served for over six years between 2009 and 2015. While at Saxo, Mr. Beecroft has worked in a variety of roles, over time developing into one of the most recognizable faces of the group. He frequently appeared in the media and has been a reliable figure in Bloomberg TV, CNBC, Reuters TV and BBC World, having spoken on a number of macroeconomic issues.
Mr. Beecroft’s departure comes amidst a transition period at where it has seen a number of executive reshuffling moves in recent months.
GKFX has recently been under the spotlight as the company made a series of changes to its management structure, appointing and parting ways with several board members. Just last week, GKFX CEO left the brokerage to launch his own consulting firm. Martenstyn originally joined the company in July 2017 and within ten months had gone from chief financial officer to compliance director to CEO. He took on this last role when the previous CEO, Brian Myers, .