CMC Markets is delighted to announce that its Founder and CEO, Peter Cruddas, has been appointed as a Peer in the House of Lords.
Lord Cruddas founded CMC Markets in 1989 as “Currency Management Consultants” and grew the business rapidly, launching one of the world’s first on-line trading platforms in 1996.
The business developed into a global online trading business with offices all around the world. Today it is a FTSE 250 company with over £250m in Net Operating Income and 750 employees.
Lord Cruddas has had an active involvement 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.
Lord Cruddas founded the Peter Cruddas foundation in 2006 which aims to benefit disadvantaged and disengaged young people in society. Peter has personally given in excess of £16 million to the foundation, which has supported over 200 different charities including The Prince’s Trust, Great Ormond Street Hospital and Magic Breakfast.
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.