London-listed broker, CMC Markets (LON: CMCX) has hired Kevin McGuinn as the company’s Senior Product Manager, thus strengthening its technology team. He is based in London and has already joined the broker.
“I’m happy to share that I’m starting a new position as Senior Product Manager at CMC Markets!” he wrote in a Linkedin post recently.
McGuinn is a vastly experienced technology executive, spending his career with several financial firms.
Before joining CMC Markets, he worked at Mortgage Engine, a company that is building AI-based technology for the mortgage industry. He spent three years there as the Product and Delivery Manager and also as a Technical Business Analyst.
He started his career with Lloyds Banking Group in 2000 in software development-centric roles. Prominent roles in his career include Technical Project Manager at Barclays and eight years at Lloyds Banking Group.
Betting Big on Tech
CMC is one of the largest forex and CFDs brokers with a global presence. In addition, it offers non-leveraged products and is now considering separating its leveraged and non-leveraged businesses.
Similar to any other broker, the financials of CMC Markets also corrected in the latest news for the financial year 2022 from the peak it achieved with the pandemic-induced volatility . Though its profits dropped 59 percent, the revenue of the broker came in line with its forecast at £281.9 million.
Furthermore, McGuinn’s appointment was made as the London-headquartered broker is strengthening its technology. Recently, the broker announced that it is opening a technology hub in Manchester. It has reportedly invested more than £100 million in the firm's systems and platforms.
