CMC Markets Germany’s Director Markus Kegler Bids Farewell

CMC Markets Germany’s Director Markus Kegler Bids Farewell

Markus Kegler, the Director of CMC Markets Germany, announced that he is exiting the company today (Monday). The former
Product Manager for Contract for Difference at Commerzbank AG has held his
current role at CMC Markets Germany for four years and seven months.

End of an Era

In a post on LinkedIn, Kegler mentioned: “Today marks
the end of my employment with CMC Markets Germany. I look back on four years
and seven months full of pride, a lot of hard work, conviction, a smile every
day, sensational colleagues, many new things learned, and the most exciting
time of my career!”

“I am infinitely grateful for the time I was able to
spend with you, CMC Markets Deutschland. I am still overwhelmed by the warm
farewell, the incredible words and wishes you have given me, and your great
gifts! I will always keep you in my heart. THANK YOU!”

Last month, CMC Markets released a bullish forecast,
projecting its net operating income for fiscal year 2024 to exceed the
previous outlook. Initially expecting between £290 million and £310
million, the company estimated a figure surpassing the upper end of this range.
This followed a positive trading update by the firm.

Optimistic Outlook

After a slow first half of the fiscal year, characterized by
a decline of 20% in net operating revenue to £122.6 million and a pre-tax loss
of £2 million, CMC Markets implemented strategic measures to improve its
financial position. These measures include a reduction of 17% in its workforce as part
of cost reduction and efficiency plans, Finance Magnates reported.

Despite the challenging start, CMC Markets anticipates
ending the fiscal year with an operating cost of nearly £240
million, excluding variable remuneration and non-recurring items.
Besides that, the firm is focusing on expanding its global presence with the introduction of its stock investment platform in Singapore.

Markus Kegler, the Director of CMC Markets Germany, announced that he is exiting the company today (Monday). The former
Product Manager for Contract for Difference at Commerzbank AG has held his
current role at CMC Markets Germany for four years and seven months.

End of an Era

In a post on LinkedIn, Kegler mentioned: “Today marks
the end of my employment with CMC Markets Germany. I look back on four years
and seven months full of pride, a lot of hard work, conviction, a smile every
day, sensational colleagues, many new things learned, and the most exciting
time of my career!”

“I am infinitely grateful for the time I was able to
spend with you, CMC Markets Deutschland. I am still overwhelmed by the warm
farewell, the incredible words and wishes you have given me, and your great
gifts! I will always keep you in my heart. THANK YOU!”

Last month, CMC Markets released a bullish forecast,
projecting its net operating income for fiscal year 2024 to exceed the
previous outlook. Initially expecting between £290 million and £310
million, the company estimated a figure surpassing the upper end of this range.
This followed a positive trading update by the firm.

Optimistic Outlook

After a slow first half of the fiscal year, characterized by
a decline of 20% in net operating revenue to £122.6 million and a pre-tax loss
of £2 million, CMC Markets implemented strategic measures to improve its
financial position. These measures include a reduction of 17% in its workforce as part
of cost reduction and efficiency plans, Finance Magnates reported.

Despite the challenging start, CMC Markets anticipates
ending the fiscal year with an operating cost of nearly £240
million, excluding variable remuneration and non-recurring items.
Besides that, the firm is focusing on expanding its global presence with the introduction of its stock investment platform in Singapore.

Read More


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *