After three years at CMC Markets, Global Head of Corporate Development Charlie Steel is parting ways with company, Finance Magnates has learned. He will be taking on the role of Chief Financial Officer at Babylon Health.
Since 2014 Mr. Steel has been an integral component of CMC Markets’ team in the UK. He helped lead the group’s strategy, including its corporate development and M&A activity. This included a successful initial public offering (IPO) and multiple acquisitions, which greatly swelled CMC Markets’ client numbers.
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His new role represents a change of direction and a focus on artificial intelligence in the healthcare space. Mr. Steel will be based out of the UK and will step into the position by the end of the year. Babylon Health recently raised capital for AI investments, which represents a change of emphasis for the group.
He had worked at CMC Markets since September 2014, and the entirety of his career has been dedicated to the financial services sector. This includes a stint at Deutsche Bank as Vice President for over five years, dating back to 2008.
At Deutsche Bank he worked on natural resources mergers and acquisitions with a focus on utilities and infrastructure while based out of London. Additional roles included stops at Lehman Brothers as an analyst and at IBM’s sales and operations unit, part of a career extending to 2003.