NEX Group has seen a leadership reshuffle, as group CFO Stuart Bridges steps down from the board and announced his plans to leave the company later in the year.
Samantha Wren, currently chief commercial officer for NEX Markets, will take over the role and will also take Bridges’s place on the board, effective immediately.
Bridges has been CFO since September 2015, and was appointed to the board in February 2016. He is credited with playing a key role in NEX’s merger with TP ICAP.
Michael Spencer, CEO of NEX Group, said: “I would like to personally thank Stuart Bridges for the significant role he played in securing the transaction with TP ICAP. I have enjoyed working with [him] and, with the rest of the board, wish him the very best for the future.”
Wren joined ICAP in 2009, before it was rebranded as NEX. She has held several roles including CFO and COO in the global broking decision, and was made chief commercial officer in March last year.
She is also a non-executive director of City of London Investment Trust, where she is chair of the audit committee.
Spencer said: “Samantha Wren’s varied financial, operational and commercial experience positions her ideally for this role. Since joining us in 2009 she has consistently impressed the board and executive management with her capabilities and talents and this has been recognised today with her appointment as Group CFO.”
In addition to these changes, Ken Pigaga, global COO of NEX, is joining the board as a director, also with immediate effect.
According to NEX, Pigaga’s appointment reflects his importance in the company’s ‘transformation programme’ and its increasing focus on technology and cyber security.
Pigaga has been with the firm since 2006, when he joined as COO for ICAP Americas. He was made global COO in 2013.
Spencer commented: “Ken Pigaga has been a pillar of delivery and reliability since joining us over 10 years ago. His role leading the transformation programme is a key priority for NEX and his promotion to the board reflects its importance and our increased focus on technology.”
