UK Tote Group, the operating company of UK racing’s Tote pool betting services has announced the appointment of Lord Michael Spencer of Alresford and technology expert Mark Holt as corporate advisors.
The duo will join the Tote Group’s corporate governance as non-executive directors (NEDs) advising leadership on the Tote’s next phase of growth focused on product innovation, commercial partnership and improved customer experience.
An investor of Tote Group, Lord Spencer is the former founder of former FTSE100 interdealer brokerage ICAP and its successive business of NEX, which was acquired by North American financial services firm CME Group in 2018 for £5 billion.
A UK tech figurehead, Mark Holt is the former Chief Technology Officer of CPA Global and the Trainline, who currently leads engineering for UK Fintech firm 10x Banking Technologies Services, that develops open banking systems for traditional banks.
Tote Group Chairman John Williamson said: “During an exciting time of growth for the Tote we are delighted to appoint Lord Spencer and Mark to the UK Tote Group board.
“Michael has been an investor in the Tote from the outset, and continuing to share his unrivalled experience across the business world as a board member will be an incredibly valuable support to our team.
“Mark’s technological expertise will be of significant benefit as we continue to develop and improve the Tote’s pool betting engine.”