Exclusive FNG… FNG has learned that Mustafa Sahin, head of compliance and executive director of Trive Financial Services UK Limited, has left the company.
Mustafa Sahin has been with TRIVE UK by 2020. He had previously worked at Turkishbank UK, Deutsche Bank, UBS and JP Morgan.
The move should not be too unexpected for FNG readers, as we had mentioned exclusively here to FNG last year that the Trive team had applied to cancel the UK FCA license, as Trive is apparently preparing to depart from the United Kingdom (and institutional) market. Trive’s request to cancel is still pending with FCA, more than a year after its initial application. The Trive UK, which took advantage of the TrivePro trademark, had held the FCA license since 2010.
Trive is controlled by Turkish businessman Kasim Garipoglu. The company was re -examined by GKFX (and GKPRO in the UK) in TRIVE / TRIVEPRO in 2023.