Financial technology and electronic markets expert NEX Group announces a key reshape to its Board of Directors. The company’s long CFO since September 2015, Stuart Bridges will be leaving his post. His successor will be Samantha Wren, who is currently the Chief Commercial Officer of NEX Markets.
Bridges was instrumental in the transition period for NEX Group as Tullett Prebon acquired the voice broking unit of ICAP. The remaining assets of the firm were consolidated into NEX Group.
Ms Wren has been with the company since 2009, when she joined the firm as Group Treasurer and CFO and COO of the Global Broking division. She will also be joining the company Board of Directors
Commenting on the appointment, the CEO of NEX Group, Michael Spencer said: “Sam’s varied financial, operational and commercial experience positions her ideally for this role. Since joining us in 2009 she has consistently impressed the Board and executive management with her capabilities and talents and this has been recognised today with her appointment as Group CFO.”
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COO Ken Pigaga Joins the Board
In addition to the elevation of Samantha Wren to CFO and member of the Board of Directors, she will also be joined by long-running executive Ken Pigaga. He has been promoted to become the firm’s COO in 2013 and is with the company for over ten years.
The move has been driven by Mr Pigaga’s efforts as part of the NEX transformation program at a key time when technology and cyber security have become key aspects of the business.
Mr Pigaga joined ICAP in 2006 and served as Chief Operating Officer for ICAP Americas. He was instrumental in the restructuring of the Global Broking business in 2014, the creation of ICAP’s SEF and most recently led the complex task of separating the Global Broking business.
The key role that Pigaga played in the transformational period for the deal between TP ICAP (formerly Tullett Prebon) and NEX Group is also a key driver for his promotion to the Board.
“Ken has been a pillar of delivery and reliability since joining us over ten years ago. His role leading the transformation programme is a key priority for NEX and his promotion to the Board reflects its importance and our increased focus on technology,” elaborates Michael Spencer.