Susanne Chishti to Retire as CMC Markets’ Non-Executive Director

Susanne Chishti will retire as a Non-Executive Director at CMC Markets (LON: CMCX), a forex and contracts for differences (CFDs) broker, after spending more than two years in the role. According to the official announcement today (Thursday), she will remain in the role until the conclusion of the Annual General Meeting on 25 July 2024.

“I would like to thank Susanne for her hard work and the insight she has provided to the Board, particularly in relation to workforce engagement matters, during her time as a Non-Executive Director,” said James Richards, Chairman of CMC Markets.

A Proponent of Fintech

The London-headquartered broker is already in the process of identifying Chishti's successor. Although no particular deadline has been mentioned, nominations for a new Non-Executive Director will be filed in the “coming months.”

Chishti assumed her role of CMC Markets' Non-Executive Director on 1 June 2022. She also sits on the board of Crown Agents Bank and Lenderwize, according to her LinkedIn profile. Furthermore, she is an Advisory Board Member at The British Blockchain Association. She was also a Non-Executive Director of SafeCharge from March 2019 until October 2019.

Apart from her responsibilities on the boards of the companies, she is also the founder and Chair of London-based Fintech Circle since 2014. She started her career in 1995 at Hewlett-Packard and then worked for big names like Accenture, Morgan Stanley, Deutsche Bank, and Lloyds Banking Group.

CMC’s Solid Results

Meanwhile, CMC Markets also published its financial results for the fiscal year 2024. The brokerage's revenue exceeded expectations and came in at £332.8 million, 15 percent higher than the previous fiscal year. Although trading revenue jumped by 11 percent to £259.1 million, revenue from investing streams declined by 10 percent to £34 million.

The brokerage ended the fiscal year with a pre-tax profit of £63.3 million, 21 percent higher. Its basic earnings per share improved to 16.7 pence from 14.7 pence.