Following extensive experience in foreign exchange trading, lastly as Head Foreign Exchange Dealer at a large international bank, in 1989 Peter established Currency Management Consultants Ltd with a capital of £10,000. Today, now known as CMC Markets Plc, the company has an estimated worth of £1.25 billion.
Having built an extremely successful business, Peter is now a major philanthropist supporting many important charities. He established The Peter Cruddas Foundation with the primary objective of helping disadvantaged and disengaged youth. The Foundation invests in charities such as the Duke of Edinburgh International Awards Association and the Prince’s Trust. From 2009 to 2011 Peter was the founding Chairman of Youth United and in 2009 he was made a Companion of Honour with The Royal Aero Club Trust. In addition, for many years he has supported the Royal Ballet and the Royal Opera House, of which he is a trustee.
In 2011 Loughborough University awarded Peter an Honorary Doctorate for his innovation and outstanding achievement in the world of finance and for outstanding philanthropy.