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Mercor changes name, appoints new CEO

The TigerWit Group recently announced that, following the acquisition of Mercer Index, it has changed the business's name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer, with Simon Denham becoming Chief Risk Officer. 

Source:
Date:
Updated:
TigerWit
Monday, February 26, 2018
Monday, February 26, 2018

TigerWitLONDON, February 26, 2018 /PRNewswire/ — The TigerWit Group is pleased to announce that following the acquisition of Mercor Index it has changed the business’s name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer (CEO), with Simon Denham becoming Chief Risk Officer (CRO).

Tim Hughes was formerly at IG Group where he spent thirteen years, progressing to the role of Managing Director, UK before leaving to set up compliance advisory firm, ionStar. At IG, Tim built out and ran the whole retail sales function, and was also responsible for institutional sales, marketing, PR and events in the UK and Ireland, managing a team of 70 people, and contributing to the growth of IG to a £2 billion market capitalisation business, from less than £100 million.


“I have been working very closely with the team at TigerWit for over a year and I am delighted to be taking on the position of CEO at the group’s UK entity. Having worked at a market leading company such as IG, being at the forefront of the technical innovations that saw investing evolve in the early 2000s, I was an integral part of how online trading changed the way we invest. TigerWit is full of technical innovators and we have some very exciting plans for the future that we believe will further transform our industry to the benefit of traders and investors. I very much look forward to building the business with them,” said Tim Hughes, CEO of TigerWit Limited.

As CRO Simon Denham will be responsible for all market risk across the TigerWit Group and overseeing the development of the firm’s global risk monitoring system. Simon has twenty years of industry experience, co-founding Capital Spreads, part of LCG, where he was also CEO. He has designed, built and implemented many multi-asset trading platforms and has been a driving force in innovating TimeToTrade, the platform currently offered by Mercor Index, now TigerWit Limited.

A high level meeting has been held between the President of the Republic of Haiti Jovenel Moise and Bahamas Prime Minister Dr Hubert Minnis in the margins of the 29th Inter-Sessional Meeting of the Conference of Heads of State of the Caribbean Community being held in Port-au-Prince, Haiti, this week.

Deputy Prime Minister, Minister of Finance and Inter-American Development Bank Governor Peter Turnquest led a Bahamas delegation to the IDB's 7th Annual Consultation of the Governors of the Caribbean Country Department, February 26-27, 2018 in Kingston, Jamaica.

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