Sucden Financial Limited has announced a number of changes to its senior management team, including the creation of two new roles as well as a promotion in its compliance team, according to a Sucden Financial statement.
In particular, Marc Bailey joins Sucden Financial as its newest Managing Director, while Toby Osborne has been named as the group’s Finance Director – finally, Alexander Culley has been promoted to the role of Group Compliance Officer.
Mr. Bailey joins Sucden Financial with over three decades of experience across commodities and capital markets. He has garnered several executive level positions at such firms as Jefferies Bache, Bache Commodities Limited, Cargill Investor Services, London Stock Exchange (LSE), and JPMorgan, among others.
According to Mr. Bailey in a statement on the appointment, “I am delighted to join Sucden Financial. The firm has a strong and established reputation in the commodities and foreign exchange arenas and I am looking forward to drawing on my experience to grow the business further.”
No Pain, No Gain: A New Dawn for the South African CFD IndustryGo to article >>
Alternatively, Mr. Osborne has been named as Sucden Financial’s Finance Director and will take over the role from the outgoing Robert James, who is slated to retire by month’s end after a 15-year stint with the group. Mr. Osborne joins Sucden Financial from Czarnikow Group Limited, having worked as its Chief Financial Officer for nearly seven years.
The two new appointments also coincide with a promotion at Sucden Financial, which will see Alexander Culley step into the role of Group Compliance Officer. Mr. Culley originally joined Sucden Financial back in 2013 and has since been tasked with the group’s FATCA reporting, focusing on EMIR regulations, derivatives, central counterparties, and trade repositories.
According to Michael Overlander, Chief Executive, Sucden Financial Limited, in a recent statement on the appointments, “The appointments mark a new chapter for the firm, positioning the company for its next stage of growth. Marc and Toby will play vital roles in working with me and the other directors at Sucden Financial to manage and further develop our brokerage activities.”
“The environment in which we operate will continue to change with greater regulatory obligations. Compliance is a vital part of the business, protecting both our clients and the company, and I am confident that with Alex’s appointment we will continue to ensure we remain fully compliant with all our existing and future regulatory obligations.”
Furthermore, “Robert James’ contribution to the company during his time with us has been broad and extensive and we wish him all the best in his retirement,” he added.