IG Group, a London-headquartered spread betting and CFD trading provider, has promoted Manuel Barbero, one of its senior marketing executives, to the position of Global Head of Acquisition and Media. Previously, Barbero was IG Group’s Global Head of Media for Performance Marketing.
The executive, who boasts of about 13 years of industry experience, announced his promotion on Tuesday on LinkedIn. Barbero joined IG Group in December 2014 as the Senior Paid Search Manager. The new position is his fifth’s role with the online trading services provider.
Before IG Group, the marketing leader worked for over two years at Covario (now i-Prospect), first serving as an Associate Manager of Paid Media Services, and later as Manager of Paid Media Services for Europe, the Middle East and Africa (EMEA).
Between July 2011 and September 2012, Barbero worked as the Digital Marketing and Sales Manager for a London-based education institution, the MBA Centre. Before that, he was the Digital Marketing and Logistics Coordinator for a year at an international education company, EF Education First.
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IG Group’s Financial Standing
IG Group, which marked its entry into the online trading industry nearly half a century ago, remains a top brokerage firm. At the end of the first quarter of the fiscal year 2023, which ended in August this year, IG Group saw its revenue jump by 11% to £241.8 million, which is up from £218.3 million from the previous fiscal year.
Earlier, at the end of the fiscal year 2022 in May, IG Group reported a solid jump in revenue, the total number of active clients and the total dividend per share. This is even as the online trading services provider launched a £150 million share buyback programme in July to reduce its share capital. In the same month, IG Group spent £765,000 on its first batch of repurchased ordinary shares.
Meanwhile, to strengthen its business, the Group in September appointed Tobias Stöhr as the Head of Sales in Germany. Stöhr joined the broker from Spectrum Markets, an independent unit of IG Group, bringing extensive knowledge of working in the German trading industry.
Furthermore, in August, Glen Hastings, the former FX Institutional Liquidity Manager at Price Markets UK, joined IG Group as the company’s Institutional Sales Manager. Previously, the executive spent over three years at Finalto as Institutional Sales Manager.
