Kurt Mayell previously worked at the APAC unit of CMC.
He first joined CMC Markets APAC in 2013.
London-headquartered CMC Markets (LON: CMCX) is turning its focus to the Asia-Pacific markets with the latest appointment of Kurt Mayell as the Head of CMC Markets Singapore. The appointment was an internal promotion as he was brought to Singapore from the sister APAC entity.
Growth of CFDs Business
In the new role, Mayell will spearhead the growth of CMC Markets’ CFD business. Regulated by the Monetary Authority of Singapore, the Singaporean entity of the CMC Markets has been offering contracts for differences (CFDs) since 2017.
“My job is to implement our overarching business strategy, fostering a shared understanding of our vision within the team, and actively exploring both significant and minor opportunities to improve our business and offering,” Mayell said. “This ensures our continuous commitment to elevating and catering to the trading and investment needs of our valued customers.”
Before joining the Singaporean entity, Mayell was a part of CMC Markets APAC & Canada, where he was a Senior Sales Trader based in Australia. He first joined the APAC entity of CMC Markets in October 2013 as a Premium Client Associate (Acquisitions). Later, he moved to Sales Trading and then Quantitative Strategy for Equity Hedge Desk.
Before CMC, he started his career as an Investment Analyst at Dixon Advisory. Further, between his two tenures at CMC Markets, he was the Managing Director at The Brixwell Group, a Sydney-based and now-shuttered property investment and mortgage finance company.
“With his extensive knowledge across a broad range of portfolios, Kurt has been and will continue to be a great asset to the growth and expansion of CMC Markets,” Peter Cruddas, the Founder and CEO of CMC Markets, stated. “His appointment as Head of CMC Markets Singapore will strengthen CMC Market’s position in Singapore as the leading platform for Online CFDs & Forex Trading.”
A Strategic Market for CMC
Singapore is one of the APAC hubs for CMC Markets. Last year, CMC launched its stock trading platform, CMC Invest, in Singapore, offering its existing CFD clients first access to the new platform.
Meanwhile, CMC recently issued a trading update revealing its expectations of achieving a net operating income of £40 million higher than previously predicted. With this, the brokerage operator now expects to generate FY24 net operating income of between £290-310 million, raised from its previous guidance of £250-280 million.
London-headquartered CMC Markets (LON: CMCX) is turning its focus to the Asia-Pacific markets with the latest appointment of Kurt Mayell as the Head of CMC Markets Singapore. The appointment was an internal promotion as he was brought to Singapore from the sister APAC entity.
Growth of CFDs Business
In the new role, Mayell will spearhead the growth of CMC Markets’ CFD business. Regulated by the Monetary Authority of Singapore, the Singaporean entity of the CMC Markets has been offering contracts for differences (CFDs) since 2017.
“My job is to implement our overarching business strategy, fostering a shared understanding of our vision within the team, and actively exploring both significant and minor opportunities to improve our business and offering,” Mayell said. “This ensures our continuous commitment to elevating and catering to the trading and investment needs of our valued customers.”
Before joining the Singaporean entity, Mayell was a part of CMC Markets APAC & Canada, where he was a Senior Sales Trader based in Australia. He first joined the APAC entity of CMC Markets in October 2013 as a Premium Client Associate (Acquisitions). Later, he moved to Sales Trading and then Quantitative Strategy for Equity Hedge Desk.
Before CMC, he started his career as an Investment Analyst at Dixon Advisory. Further, between his two tenures at CMC Markets, he was the Managing Director at The Brixwell Group, a Sydney-based and now-shuttered property investment and mortgage finance company.
“With his extensive knowledge across a broad range of portfolios, Kurt has been and will continue to be a great asset to the growth and expansion of CMC Markets,” Peter Cruddas, the Founder and CEO of CMC Markets, stated. “His appointment as Head of CMC Markets Singapore will strengthen CMC Market’s position in Singapore as the leading platform for Online CFDs & Forex Trading.”
A Strategic Market for CMC
Singapore is one of the APAC hubs for CMC Markets. Last year, CMC launched its stock trading platform, CMC Invest, in Singapore, offering its existing CFD clients first access to the new platform.
Meanwhile, CMC recently issued a trading update revealing its expectations of achieving a net operating income of £40 million higher than previously predicted. With this, the brokerage operator now expects to generate FY24 net operating income of between £290-310 million, raised from its previous guidance of £250-280 million.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
eToro Welcomes Back Naomi Rarmani as Head of Compliance Operations
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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