CMC Markets CEO Peter Cruddas Joins The House of Lords

CMC Markets, a leading global provider of financial spread betting and CFDs, recently announced that its Founder and CEO, Peter Cruddas, has been named as a Peer in the House of Lords.

With skills in business strategy, foreign exchange, portfolio management and research, Cruddas founded CMC Markets in 1989 as "Currency Management Consultants", launching one of the world's first on-line trading platforms in 1996.

Founded in 1989, CMC Markets has grown rapidly and developed into a global online trading business with offices all around the world, and with over £250m in Net Operating Income and 750 employees.

Lord Cruddas has actively involved in politics for many years following his role as Co-Treasurer to the Conservative Party from June 2011 until March 2012 and as a co-founder of Vote Leave the pro-Brexit campaign group.

Commenting on the appointment, Lord Cruddas said:”I am honoured to take my place in the House of Lords. I am extremely proud of our great country and I look forward to using my experience and knowledge to engage in meaningful debate and make a significant contribution to public life.”