Tickmill Appoints CMO Nicholas Baumer to Chief Commercial Officer
Tickmill has promoted Nicholas Baumer from Chief Marketing Officer (CMO) to Chief Commercial Officer (CCO). The company is now looking for a new CMO to spearhead its global marketing efforts.
Forex broker Tickmill has announced changes to its executive team, promoting Nicholas Baumer from Chief Marketing Officer (CMO) to Chief Commercial Officer (CCO) . This marks an important step in the career of Baumer, who has been influential in directing the marketing strategy of the broker with real accounts since November 2020. Baumer brings extensive experience in forex marketing and contracts for difference (CFD) to his new role.
In conjunction with Baumer's promotion, forex broker Tickmill is now seeking a new CMO to fill his previous position. Baumer's background includes five years at BDSwiss, where he progressed from TV and Print Media Buyer to Head of Acquisitions, and ultimately, Director of Marketing. Her move to Tickmill Cyprus as CMO, after Marilena Iakovou, is very important for the company.
Currently based at Tickmill's office in Limassol, Baumer has begun his role as CCO, implementing commercial strategy for the broker. His responsibilities include overseeing global marketing and brand strategy, managing the annual marketing budget, and using an analytical approach to key decisions.
The search for a new CMO comes at a challenging time for Tickmill. The UK branch, which is regulated by the Financial Conduct Authority, reported a 19.5 drop in revenue % to £6 million. Despite this, Tickmill remains committed to its clients and plans to offer up to 3.5% on all excess cash.
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