CMC Markets announces Board Committee changes
UK online broker CMC Markets Plc (LON:CMCX) has announced a set of changes to the composition of its Board Committees with effect from April 1, 2021.
Sarah Ing will be appointed as Chair of the Remuneration Committee. Clare Salmon will step down as Chair but remain a member of the Committee.
Ms Ing joined the Group as a Non-Executive Director in September 2017. She has 30 years of experience in accountancy, investment banking and fund management, including time with HSBC and UBS. She is a Chartered Accountant and was a top-rated equity research analyst covering the general financials sector.
Ms Ing also founded and ran a hedge fund investment management business.
Clare Salmon will be appointed as Chair of the Risk Committee. Sarah Ing will step down as Chair but remain a member of the Committee.
Ms Salmon joined the Group as a Non-Executive Director in October 2017. She has held a broad variety of international leadership roles with board-level experience across a range of service businesses. These include the AA, RSA, Vodafone, ITV, Prudential, Royal London and Amigo Holdings plc.
She is an experienced non-executive director having spent six years on the Board of Alliance Trust Plc. She was also CEO of the British Equestrian Federation.
The Board Committee changes were announced shortly after CMC Markets provided a trading update for the period from January 1, 2021 to March 24, 2021.
The company says its entire business has continued to perform very strongly during the period, with ongoing strength in the acquisition and retention of CFD and stockbroking active clients and higher levels of client trading activity versus regular trading periods. In addition, client income retention remained well in excess of 80%, but below the levels reported for H1 2021, as previously guided.