CMC Markets appoints Brendan Foxen as Chief Technology Officer

Online trading services provider CMC Markets Plc (LON:CMCX) today announces the appointment of Brendan Foxen as Chief Technology Officer (CTO).

CMC explains that, as it has developed and diversified its retail platform across many financial products and through its institutional B2B white and grey label offerings, creating the additional role of CTO aims to ensure CMC’s technology remains at the forefront of the sector.

Brendan Foxen was previously CTO of Contino, a digital transformation consultancy that specialises in transforming enterprises to accelerate delivery, impact and growth. He was instrumental in growing the consultancy from 16 to 400 employees and forming a global entity. He also shaped and led digital transformation programs at Allianz and EDF while overseeing a number of other transformation programs in highly regulated enterprise organisations.

He has also previously held roles at Channel 4, Cable & Wireless and Hyperlink who were the first digital agency incorporated in the UK back in 1996.

Peter Cruddas, Chief Executive Officer, commented: “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.”

Brendan Foxen, Chief Technology Officer, said: “I am excited to be joining CMC Markets at this exciting time of diversification and growth for the business. This is an exciting opportunity to further develop CMC’s technology as we advance the Company’s B2B offering and client journey optimisation.”