TeraFX CEO Burak Akbulut Leaves, David George to Succeed

Fazzaco learned that Burak Akbulut has announced his resignation from the role of Chief Executive Officer at Tera Europe Ltd and David George will be promoted to succeed him in the role.

"I stepped down from CEO role of Tera Europe Ltd as of today and hand it over to David George. I am confident that he will carry the company to another level. Congrats and wish him all the success,"Akbulut posted on social media.

Before TeraFX, David George was Managing Director and Head of Trading in London for Russian investment bank Renaissance Capital. Prior to that, he was Managing Director, COO Emerging Market Equities at Goldman Sachs in London. His career started in 1993 at Merrill Lynch.

Tera Europe Ltd, a subsidiary of Tera Financial Holdings Ltd, and ultimately of Turkish investment firm Tera Yatirim, runs the TeraFX.com retail FX and CFD brokerage brand. Last year, the company secured the Dubai DFSA license and made several senior executive moves​, greatly expanded its presence in the industry.

Whether the CEO's change at such a critical moment indicate that the company will undergo major changes? We can wait and see.