CME Group

Allan Aldridge Parts Ways with CME Group’s NEX

NEXAllan Aldridge, the head of tax for CME Group’s NEX recently parted ways with the firm to join another UK based investment and financial service provider. The move was made public via changes made to Allan’s LinkedIn profile. Allan had been serving as head of Tax at NEX for nearly 3 years now having taken up the role in December 2016.

NEX Group Plc was formerly known as ICAP Plc, a UK based business inter-broker dealer known for its electronic financial markets and post-trade business focused on financial institutions. The firm was listed in London stock exchange until it was acquired by Chicago based exchange operator CME Group Inc. While he took on his last role in December of 2016, he has been a part of the firm for nearly a decade now having joined the firm while it was still known as ICAP Plc back in 2009 in the role of international tax manager. 

During his decade long tenure at the firm, he has been promoted a total of three times. He was first promoted to the role of head of international tax and was then promoted to role of head of tax for UK and EMEA region and finally to role of global head of tax. Allan started his career at Deloitte back in 2004 and served at the firm for four years during which he gained much of his knowledge and experience in handling accountancy services.

To those unfamiliar with the firm’s name – Deloitte is one of the Big Four accounting organisations alongside KPMG, Ernst & Young, Deloitte and PWC and is also the largest professional service network in the world by revenue and number of professionals. Having parted ways with CME Group’s NEX, Allan has moved on to take up the role of Chief Financial Officer at FCFM Group – a West London based financial service provider popularly known for its principal investing service. 

In his new role as Chief Financial Officer at FCFM Group, Allan is responsible for handling the firm’s financial operations namely tracking cash flow both inside and outside the firm and analyzing the firm’s financial strengths and weakness to create a financial plan that will help the firm in its growth efforts and also aim at boosting revenue. It should be noted that recent headlines stated that UK based Aquis Exchange PLC has been working with CME Group to acquire NEX Exchange one of the subsidiaries of NEX Group in a deal worth nearly 2.7 Million GBP while CME group retains most of the other service offerings under NEX Group label namely – inter-broker dealer, matching and settlement services. Reports stated that both parties agreed upon the deal for sale of exchange for cash consideration of 1 GBP but the same is still subject to FCA approval.