London based Retail CFDs broker CMC Markets has announced the appointment of Brendan Foxen as the company’s new Chief Technology Officer (CTO).

CMC stated that technology has always been at the heart of its customer proposition, with the Next-Gen platform’s modular approach enabling the business to roll out new products and services rapidly whilst maintaining scale. As CMC 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 will ensure CMC’s technology remains at the forefront of the sector.

Brendan Foxen is new to the online trading sector. He 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. Brendan also shaped and led digital transformation programmes at Allianz and EDF while overseeing a number of other transformation programmes in highly regulated enterprise organisations.

He has also previously held roles at Channel 4, Cable & Wireless and Hyperlink which was 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.”