CMC Markets bolsters its board ahead of planned IPO

CMC adds veteran directors Malcolm McCaig and Manjit Wolstenholme to its board. Is an IPO looming?

Reports filed today within the UK Companies House registry show that CMC Markets, the UK FCA regulated CFD and spread betting provider has officially appointed two new financial vets in Malcolm McCaid and Majit Wolstenholme to their board of directors. CMC has made their IPO plans public a few times in recent past, most recently we reported the latest IPO developments back on November 24th, when the company filed their latest 6 month financial report, it was then that the British financial firm reiterated a potential listing on the London Stock Exchange.

As part of that preparation, the report unveiled that Manjit Wolstenholme and Malcolm McCaig will shortly be joining the Board subject to FCA approval, the filed registry report today shows approval from the FCA. The firm is performing quite well, in the latest 6 month financial report mentioned above – the firm brought in total revenues for the period of £89.15 million, up 38% from the equivalent period a year earlier and net profit surged 77.3% year on year to £20.03 million.

Read more about the new appointments below:

maMalcolm McCaid Background

Malcolm joined CMC as a Non-Executive director in 2015. Malcolm is a member of the Chartered Management Institute and the Institute of Business Consultants. He has held senior positions at Cigna Corporation and National Australia Bank, and has been a partner at both Deloitte and Ernst & Young.

manjitMajit Wolstenholme Background

Manjit joined CMC as a Non-Executive director in 2015. Manjit qualified as a chartered accountant with Coopers & Lybrand. Her background includes roles as Director and Co-Head of Investment Banking at Dresdner Kleinwort Wasserstein, and Partner at Gleacher Shacklock. She is Chair of Provident Financial and Senior Independent Director and Chair of the Remuneration Committee of Future plc as well as Chair of Audit and Non-Executive Director of Aviva Investors.

To see a list of CMC Board of Directors click here.

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