After Ten Years, IT Wizard Mike Lear Leaves City Index

Finance Magnates learned on Friday that Mike Lear has left retail broker City Index. Lear spent approximately a decade at the firm, which was acquired by GAIN Capital in 2014.

According to an interview he gave to Computing magazine in the same year as that Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, he joined City Index in 2009 as the head architect.

Working on the company’s IT infrastructure, he was responsible for both improving and stabilizing the broker’s online offering.

At the time, that included working on the City Index mobile application. The London-based broker was, according to an Evening Standard report, the first company in the Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term industry to launch a mobile application.

Leading the renewal

Companies House files show that Lear was eventually made chief information officer (CIO) of City Index Group in 2012. That was at the same time that Martin Belsham was working as the broker’s chief executive officer.

Even prior to his appointment as CIO, Lear had been part of a massive overhaul at City Index that began with Belsham’s appointment in 2009.

The broker was in a huge amount of debt and businessman Michael Spencer, the owner of City Index prior to the Gain Capital acquisition, had to inject approximately £70 million into the firm to ensure it stayed afloat.

In an interview with the Evening Standard from 2012, Belsham refers to Lear as ‘Q’ - the name given to the man behind all of James Bond’s gadgets in the spy film series.

Though probably said in jest, it hints at the role - which at one point included managing a team of 100 people - that Lear played in revitalizing City Index after a troublesome period for the broker.