Exclusive: David Fineberg Took Over as CMC Invest UK CEO as Soleiman Stepped Down

David Fineberg has taken over the Chief Executive Officer role at CMC Markets Investments Limited, which operates the CMC Invest brand, following Albert Soleiman's resignation, Finance Magnates learned from the firm’s Financial Conduct Authority (FCA) registry. Fineberg is also the CMC Markets Group’s Deputy CEO.

Who Will Become the CFO?

Soleiman was also the Chief Financial Officer of CMC Markets Group. He stepped down from the role after almost one and a half years following the board's decision, which he also agreed to. Although his removal took immediate effect, he agreed to stay with the broker “for a period of time” to ensure an orderly handover. His exit came at a time when CMC’s share price had been struggling in the markets.

Along with his role as Group CFO, Soleiman was also the CEO of the UK entity that operates the CMC Invest brand.

Although Fineberg took charge of the CMC Invest brand in the UK, the Group has yet to name Soleiman’s successor as CFO.

According to his LinkedIn profile, Fineberg has been with CMC Markets since 1997. After holding several executive positions, he became the Deputy CEO of the Group in 2019, the second-most senior role in the company after Peter Cruddas, the founder and Group CEO of CMC Markets.

CMC’s Entry into Cash Equities

The CMC Group launched the CMC Invest brand in 2022, offering investment services with physical shares listed in the United States and the United Kingdom, exchange-traded funds (ETFs), and investment trusts. The platform debuted in the United Kingdom before expanding to Australia and Singapore.

Finance Magnates previously reported that the Australian unit of CMC Invest enabled its customers to access TipRanks, a market research aggregator. Although the initial TipRanks partnership appears to apply only to Australian operations, the Singapore unit of CMC Invest plans to add the services.

Earlier, CMC Connect, the institutional unit under CMC Markets, signed a white-label deal with Revolut as the British challenger began onboarding contracts for differences (CFDs) clients in Europe. Although onboarding under the Revolut Invest brand started in three countries— the Czech Republic, Denmark, and Greece—CMC earlier revealed that the impact of the Revolut deal on its B2B revenue is “not significant” due to limited geographical coverage.