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Changes in Tickmill’s Management: CMO Has Been Promoted to CCO

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Tickmill has made a major shake-up of its senior management by promoting Nicolas Baumer to Chief Commercial Officer from his previous position as Chief Marketing Officer. The brokerage is now looking for a new marketing director to take over Baumer's previous responsibilities.

Experienced brokerage executive

According to Baumer's LinkedIn profile, he has already taken on the role of CCO. He joined the Forex and CFDs broker's offices in Cyprus in November 2020 as Chief Marketing Officer, replacing Marilena Iacovou.

Boomer is an expert marketer with experience working with other Forex and CFD broker brands. Before joining Tickmill, he spent about five years with BDSwiss. He joined the broker's offices in Cyprus as a buyer for TV and print media and was then promoted to Head of Acquisitions. During his tenure, he was Marketing Director at BDSwiss.

Searching for a new marketing manager

Tickmill is a large-scale retail brokerage brand with global reach. The brand works with locally regulated entities in the UK, UAE, Cyprus, South Africa, Seychelles and Malaysia.

Finance Magnates previously reported that revenues at the brokerage group's British entity fell by 19.5 percent to £6.18 million in 2022. The decline in annual revenues also saw the entity's profits halve. Meanwhile, the broker recently announced that it will distribute up to 3.5 percent interest to its clients on their unused funds.

Tickmill already announced the appointment of a new marketing director earlier this month. As stated in the job description, the role will be based in the Limassol office.

“As the Chief Marketing Officer of our dynamic team, you will play a vital role in establishing, planning and executing the global marketing and brand strategy,” a description of the role detailed. “In addition, you will be responsible for the annual marketing budget, monitor performance, and adopt a data-driven marketing approach to make valuable decisions.”

This article was written by Arnab Shomi at www.financemagnates.com.

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