CMC Markets Plc announced this Monday that it has secured a new Chief Technology Officer (CTO), with the online trading provider appointing Brendan Foxen to the role.
CMC Markets, which also provided institutional technology solutions, said in its statement today that it has created the additional role of CTO following the diversification and development of its retail platform, as well as its institutional B2B white and grey label offerings.
Before taking on this role with the trading provider, Foxen was the CTO of Contino, a digital transformation consultancy. According to the statement from CMC, in this position, he was instrumental in growing the company from 16 to 400 employees, as well as driving the company’s expansion globally.
CMC Markets commitment to technology innovation
Peter Cruddas, Chief Executive Officer of CMC Markets, said in the statement: "I am delighted to welcome Brendan to CMC Markets. Brendan brings a wealth of experience and expertise to CMC and specialises in helping businesses innovate and fast-track growth through technology.
“His appointment is a further sign of CMC's ongoing commitment to innovation and will support the accelerated development of the many opportunities that are in the pipeline. CMC Markets is a technology driven business and Brendan is joining us to further strengthen an already successful and established team. I look forward to working with Brendan as we continue to grow."
During his career, Foxen also led digital transformation programmes at Allianz and EDF. Earlier in his role, he held roles at Channel 4, Cable & Wireless and Hyperlink.
"I am excited to be joining CMC Markets at this exciting time of diversification and growth for the business,” added Brendan Foxen, Chief Technology Officer in the statement. “This is an exciting opportunity to further develop CMC's technology as we advance the Company's B2B offering and client journey optimisation."
