CMC Markets’ CFO departs to join rival IntegraFin
CMC Markets is parting ways with its long-standing chief financial officer, Euan Marshall, who will resign in January 2024 to join rival IntegraFin.
The spread betting and online trading company said the search for a new CFO will begin shortly. During the next six months, Marshall will focus on ensuring a smooth transition and the orderly handover of his responsibilities.
Euan Marshall has been with CMC Markets since November 2011, initially joining as the head of financial planning and analysis (FP&A). In early 2013, he was promoted to the position of head of financial control and FP&A. Subsequently, in April 2016, he transitioned to an expanded role as the group head of finance, overseeing financial operations within the company.
Marshall has served his most recent position as CFO at the FTSE 250 listed financial services company for the past four years.
Commenting on his departure, Marshall said: “The Company has changed significantly during my time here, and through the recent investments in diversifying the business, there are strong foundations in place for the enduring success of the business.”
The outgoing executive will take on an analogous role at IntegraFin Holdings (IHP), the parent company of Transact, one of the UK’s largest adviser platforms. Alongside his role as CFO, he will also join the IHP board as an executive director.
With over 20 years of experience in the financial services industry and as a qualified accountant, Marshall brings a wealth of expertise to his new role at IHP. Prior to his time at CMC Markets, he has worked at Barclays, HSBC, and Deloitte.
Marshall will assume his responsibilities at IHP once he is released from his current position at CMC Markets.
IHP chair Richard Cranfield said: “Following a thorough recruitment process, we are delighted to welcome Euan. His experience as CFO of a listed financial services company will make a valuable contribution to the IHT Group.”
IHT group CEO Alex Scott added that “Marshall brings with him strong experienceas an CFO and of financial regulations. He is a strong addition to the team as we continue to grow the IHP Group”.
Marshall added: “IHP is a business that I know has a strong reputation amongst UK advisers for quality of service and software. I’m looking forward to joining the team and contributing towards the growth of the IHP Group.”