TigerWit, a cutting-edge mobile and online trading firm that has recently acquired Mercor Index, announced that it has changed the business’s name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer (CEO). Simon Denham, founder of Mercor Index, was named Chief Risk Officer (CRO).
Tim Hughes, CEO of TigerWit Limited, commented: “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.”
Prior to joining TigerWit as Chief Risk Officer, Simon Denham was the CEO of Mercor Index, the company acquired by TigerWit and the firm behind the successful trigger trading technology broker TimeToTrade. Before Mercor, Denham spent 10 years as CEO at London Capital Group, and there he built/designed Capital Spreads’ trading platform, co-founded Capital Spreads/LCG, turned LCG from a proprietary trading business to an online financial services group, and managed its IPO of LCG on AIM in 2005, among many other defining moments of his career.