McCreevy joins Worldspreads as director
The Irish-founded company has appointed the 61 year-old former EU commissioner to help open doors for it as it looks to expand its services across Europe. Mr McCreevy doesn’t have any shareholding in the company, but will take “an active part” in its growth throughout Europe, “developing new partnerships with banks, stockbrokers and other financial third parties.
“We see Europe as our growth market and we see developing strong partnership agreements as a key part of our growth strategy.
“From his position as EU commissioner, Charlie McCreevy gained a unique insight into the EU financial services sector. He is, therefore, very well positioned to help us gain access to a set of select target partners and we’re, therefore, confident that we will encounter some exciting new partnership prospects over the next two years,” Worldspreads’ chief executive, Conor Foley added.
Worldspreads, which is now headquartered in London, recently reported a 25% increase in full-year revenues, for the 12 months to the end of March.
The company’s international presence now extends into Germany, France, Sweden, Denmark, Spain, Hungary, Greece and South Africa.
Mr McCreevy, who left his post of EU commissioner for internal markets and services in February of last year, joined the board of Ryanair 13 months ago. He also holds non-executive board positions with Bank of New York Mellon (BNY Mellon) and leading sports retailer Sports Direct International.
Mr McCreevy said that he is “very pleased” to put his expertise forward to assist companies such as Worldspreads.
Late last year Mr McCreevy resigned one of his directorships — that of London-based investment firm, NBNK due to a perceived breach of the EU Commission’s code of ethics.
