IG Group Holdings plc has appointed Clifford Abrahams as Chief Financial Officer (CFO) and as an Executive Director, effective December 16, 2024. Abrahams will join the Board in his new role.

IG Group Names CFO

Abrahams brings experience as a CFO across major financial institutions. Most recently, he served as Group CFO for Virgin Money UK plc, a position he held since 2021. Before Virgin Money, he was Group CFO at ABN AMRO Bank for nearly four years. Earlier, he held the same role at Dutch insurer Delta Lloyd Group.

Commenting on his appointment, Abrahams said: “I am delighted to be joining IG at such an exciting time. IG has a significant opportunity to take share in large, fragmented markets and I look forward to working with Corcoran and the team to accelerate the delivery of the growth strategy.”

William Mead recently assumed the role as Head of Operations at IG Group, as reported by Finance Magnates. Mead has previously held multiple roles within IG Group.

From October 2019 to August 2024, he served as Head of Trading Operations. Prior to this, he was the Global Head of Credit and Client Money from January 2017 to October 2019. Both positions were based in London.

Meanwhile, IG has announced that PayPal will no longer be available as a payment option for UK users. Following discussions with the Financial Conduct Authority, IG adjusted its payment methods. Users are advised to consider alternatives, such as Apple Pay, which offers instant transactions and high authorization rates.

Finance Veteran Joins Board

Abrahams began his career at Morgan Stanley, where he was Managing Director in the Financial Institutions Group. He then spent a decade at Aviva, working in senior finance roles.

He holds an MBA from Wharton Business School and an MA in Economics from Cambridge University.

Breon Corcoran, Chief Executive Officer, commented: “I look forward to welcoming Abrahams to IG at this important stage in our development. His experience will be invaluable as we enter the next phase of growth.”