Sucden
Financial has promoted Bruno Almeida to Chief Financial Officer. Almeida joined
the multi-asset broker in September 2024 as director of regulatory and
financial risks. The firm created that position specifically for him when he
arrived from FNZ Group, where he ran finance operations for the UK, Middle East
and Africa region.
CEO Marc
Bailey said Almeida “has already made a significant contribution to Sucden
Financial, in particular through the implementation of enhanced capital and
liquidity risk management systems and processes.”
Bailey
added that “Bruno’s expertise will be invaluable as we enter new markets
and create more opportunities for our clients.”
Background at UK Regulator
Before his
stint at FNZ, Almeida spent almost four years at the FCA’s Prudential
Specialists Department as a Lead Associate. He reviewed how regulated firms
managed risk, structured their governance and handled capital requirements.
That regulatory experience followed earlier roles at Itaú BBA International and
KPMG, where he audited retail banks, investment banks, and funds.
Almeida
sits on Sucden Financial’s executive committee and oversees relationships with
exchanges. He holds nearly two decades of experience in financial services,
specializing in financial risks and regulation.
The
promotion follows a year of executive changes at Sucden Financial. The
firm hired Rob
Noyce from Bloomberg to
lead exchange-traded derivatives in September 2024, the same month Almeida
joined.
Expansion Funded by Credit
Facility
Sucden
Financial secured a $100
million revolving credit line from four banks in July 2025 to fund growth plans. The facility
allows the company to draw down, repay and borrow again up to the specified
limit.
The
broker reported a 55%
jump in profit for
2024, with revenue climbing 22% to £85.2 million. Return on capital nearly
doubled, prompting the firm to increase its
dividend by 50% to
£15 million. The company opened a Singapore branch and launched a German
subsidiary that began operating in early 2025.
Sucden
Financial trades foreign exchange, fixed income and commodities. The
London-based firm has operated for 52 years under the ownership of Sucden, a
commodity trading group, while maintaining independent trading operations. The
FCA authorizes and regulates the company.
This article was written by Damian Chmiel at www.financemagnates.com.
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