CMC Markets has announced that Matthew Macklin has stepped down as Head of Europe in a regulatory filing today. The termination of appointment was effective as of July 25, 2018.
While CMC Markets has confirmed to Finance Magnates that Macklin has left his position with the company, they did not disclose the reason for the termination. The broker also did not clarify who would assume Macklin’s position, nor where he is moving to.
Macklin has been working in the financial industry in the United Kingdom for more than a decade. He joined the online trading company in September 2012. According to his profile on Bloomberg, he was the Head of European Distribution at the firm or Head of Europe as his LinkedIn suggests.
Initially, Macklin was recruited to manage the broker’s United Kingdom client facing operation. In early 2013, he was given the responsibility for the European and Canadian offices in early 2013.
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In this role, Macklin managed client-facing teams across nine offices at the UK-based broker. These teams included Client Services, Retail and Institutional Sales and Relationship Management and Sales Trading.
Macklin’s career before CMC Markets
Before working at CMC Markets, Macklin worked at IG, a provider of online contracts for differences (CFDs), spread betting and forex trading. He worked with the company between 2004 to May 2012.
Over his eight-year tenure, Macklin held numerous roles which were originally mostly in a dealing capacity. His first position at IG was a Futures Dealer. In 2010, his focus shifted to the client-facing side of the business, and he was promoted to the Group Head of Sales Trading. After one year he was again promoted to the Group Head of Trading Services.
Before working at IG, Macklin studied at the Loughborough University between 1997 to 2001. Here he studied a Bachelor of Science (BSc). His field of study was Banking, Corporate, Finance and Securities Law.