Reorganisation of Management Structure

RNS Number : 2976G

CMC Markets Plc

26 May 2017

 

26 May 2017

CMC MARKETS PLC

Reorganisation of management structure

CMC Markets Plc ("CMC"), a leading global provider of retail CFD trading, today announces that following a review of the executive director's roles and responsibilities, the Board has agreed to reorganise the executive management team's responsibilities to support the delivery of the Group's strategy.

With effect from 1 June 2017, Grant Foley and David Fineberg will assume the newly created board roles of Chief Operating and Financial Officer, and Group Commercial Director, reporting to CEO Peter Cruddas.  In these roles, Grant Foley will lead the Group's corporate functions and David Fineberg will lead the Group's commercial activities.

Peter Cruddas, CEO, commented:

"These changes will streamline our management structure and improve organisational effectiveness, allowing me to focus on our strategic development and opportunities."

Simon Waugh, Chairman commented:

"I'm delighted that the Board has recognised Grant's and David's contribution to CMC with these new responsibilities; they are well earned and both will continue to provide strong leadership of the business alongside Peter. The recent ANZ transaction shows the ambitions of CMC and these changes will allow Peter to have greater focus on strategic growth initiatives and opportunities, alongside his day-to-day running of the business."

Enquiries

Camarco (Financial PR)                                                                                     [phone]

Geoffrey Pelham-Lane

Ed Gascoigne-Pees

Jennifer Renwick

Notes to Editors

CMC Markets plc ("CMC"), whose shares are listed on the London Stock Exchange under the ticker CMCX, was established in 1989 and is now one of the world's leading online financial trading businesses.  The company serves retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade over 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ("CFDs"), financial spread bets (in the UK and Ireland only) and, in Australia, access stockbroking services.  More information is available at http://www.cmcmarkets.com/group/

 

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