CMC Markets Plc Board Change (2935X)
23 November 2017 - 6:01PM
UK Regulatory
TIDMCMCX
RNS Number : 2935X
CMC Markets Plc
23 November 2017
23 November 2017
CMC Markets PLC
Board Change
CMC Markets Plc ("CMC"), a leading global provider of CFD
trading, today announces the following changes to its board of
directors.
After almost 10 years as a non-executive director of the Group
and 4 years as Chairman Simon Waugh will be retiring from the board
with effect from 31 December 2017. In line with the Group's
succession planning and having served on the board for two years,
James Richards will become Chairman of the CMC Group following
Simon's departure.
Simon is also Chairman of CMC Markets Group Australia Pty Ltd,
and will continue to hold this position until 31 December 2018,
overseeing the strengthening of the Asia Pacific board, reflecting
the growing importance of the region to the Group.
James is currently Chairman of CMC Group's Remuneration
Committee and a member of the Group Audit Committee and Group Risk
Committee. He was a partner at Dillon Eustace, a law firm
specialising in financial services in Ireland, prior to that he was
a banking and finance partner at Travers Smith LLP for fourteen
years. Having occupied various senior positions within leading law
firms, James has extensive experience in debt capital markets,
derivatives and structured finance, working with major corporates,
central banks and governmental organisations.
Peter Cruddas, CEO commented "Simon's contribution over his many
years with CMC has been invaluable; his experience and input into
the business has helped us become a public company and I am
delighted that he will continue to be involved with the Group. I
very much look forward now to working with James as Chairman; he
has made a significant positive contribution to the Board and
Company."
Simon Waugh commented "I have thoroughly enjoyed my time with
CMC and now that the Group has been listed for almost two years,
the time is right to retire from the Group board. I am looking
forward to continuing to work with the Group at this exciting
time."
Enquiries
Camarco (Financial PR) +44(0) 20 3757 4994
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/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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