Richards quits CMC Markets

David Hellier
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DOUG Richards has left CMC Markets, the spread-betting group, majority-owned by Peter Cruddas, the group confirmed yesterday.

As revealed by City A.M., Richards’ position as chief executive has been taken up by Cruddas.

“I am very proud of the role I have played in building the strong proposition that CMC Markets offers active traders today,” said Richards, who has overseen a £50m investment programme.

CMC said that Richards always intended to leave during 2013.