City Index recruits Finance Chief

City Index, the spread betting provider that also offers CFDs has brought Nigel Rose as new Chief Finance Officer. Rose was previously finance director at Rank Group for the last 9 years and in the past also held senior roles in the telecoms, media and broking industries.

Martin Belsham, CEO at CityIndex stated that Nigel would play a key role in forging and delivering the company’s strategic goals.

Martin added ‘Having spent nearly ten very successful years with Blue Square and Rank Group, we are confident that he will bring significant value to our management team and contribute significantly to our business at what is an exciting time for the company.’

In turn Nigel stated that he was thrilled to be joining one of the leading retail trading service providers in the world.

He added, ‘This is a great opportunity I simply could not turn down. City Index is an industry leader and I’m delighted to be part of the team.’

Comments: Well, after writing off more than £90 million in losses in the years 2008/2009 as City Index struggled with bad debts in the middle of the credit crunch; Rose will definitely come in useful in this department!

Tags: City Index, cityindex

This entry was posted on Monday, March 8th, 2010 at 1:21 pm and is filed under Annoucements. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.