Peter Cruddas

Who is Peter Cruddas?

Peter Andrew Cruddas Peter Andrew Cruddas Peter is an English banker and businessman, and philanthropist.[2][3] He is the founder and majority shareholder of online trading company CMC Markets. In December 2007 Peter sold ten per cent of CMC Markets to Goldmans Sachs that valued the company in excess of £1.1 billion. Peter and his family still own in excess of 88 per cent of the company. In the 2007 Sunday Times Rich List, he was named the richest man in the City of London, with an estimated fortune of £860 million.[1] As of March 2012, Forbes estimated his wealth at $1.3 billion. Cruddas claims to have invented the first on line trading platform in Europe for buying and selling financial products when he launched the market maker platform in 1996. [4]

In February 2011 Peter was appointed Treasurer of the No2AV campaign; the referendum campaign against a change in the UK voting system. The “NO” campaign won 68 per cent of the referendum vote in May 2011 to maintain the existing voting system in the UK. Following this successful campaign Cruddas was appointed Conservative Party co-treasurer in June 2011.[