CMC Markets has announced that it is reshuffling its senior management. The board of directors of the company, headed by Simon Waugh, has announced that Grant Foley and David Fineberg will be assuming new roles. The changes will come into effect on the 1st of June 2017.
Grant Foley, who has been with CMC Markets since 2013 will assume the roles of Chief Operating and Chief Financial Officer and will focus on the company’s corporate functions. He comes with a raft of experience at major financial institutions such as Prudential, Nomura, Arbuthnot and Westhouse Securities.
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David Fineberg will assume the role of Group Commercial Director and will work with the commercial activities of CMC Markets. He has been with the firm since 1997 and was instrumental in the development of the broker’s dealing desk. Between April 2007 and September 2012 he was Western Head of Trading, covering all asset classes for the Western region.
The changes at CMC Markets come as the company has focused its efforts on a new strategy, part of which was the launch of the firm’s institutional arm a year ago. The company initially focused on CFDs, adding to the line up its Prime FX product earlier this month. The firm also signed a major deal with ANZ, gaining access to over 500,000 potential clients of the bank.
Commenting on the new appointments, the CEO of CMC Markets Peter Cruddas said: “These changes will streamline our management structure and improve organisational effectiveness, allowing me to focus on our strategic development and opportunities.”