Sigma Broking, an international privately-owned brokerage company servicing institutional customers, has appointed Gary Pettit as the business’ new CEO with immediate effect, following FCA approval.
Pettit will lead Sigma Broking’s global business, expanding its product and client base offering multi-asset broking services including equities, energy, agricultural commodities, soft commodities, carbon, fixed income and base metals.
Pettit joined Sigma Broking as a consultant in January 2023. His 35 years’ worth of experience in the broking sector include working for institutions such as Indosuez Carr and ICAP PLC. He also has significant management experience, having held global roles for more than two decades, including as the CEO and executive director of ED&F Man Capital Markets from September 2020, prior to its sale in November 2022.
Commenting on his new appointment, Pettit said: “I am excited about leading this next chapter in Sigma Broking’s evolution. Its team has decades of experience in the global financial markets and the business is one of only 8 Category 1 Ring Dealing members of the London Metals Exchange. My focus is now to help Sigma Broking achieve its full potential utilising its technologies, data and industry insights to drive innovation and deliver the best possible results for its customers.”
Sigma founder Matt Kent said: “The decision to appoint Gary is at the heart of the reorganisation of the Sigma Group, creating a clearly defined group structure with the platform to support our ambitious growth plans. Gary has the perfect combination of extensive market experience, a superb leadership style and a proven track record in creating the culture and structures needed to build a scalable business.”
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