The long-time industry veteran has been with the London-headquartered brokerage since 2013.
IG Group has promoted its CEO in Australia, Kevin Algeo to Head of Asia Pacific and Africa. The long-time industry veteran has been with the London-headquartered brokerage since 2013.
Algeo started his tenure at IG Group as a Managing Director in South Africa. After spending almost four years in that position, he moved to Australia in February last year.
Starting as Deputy CEO in Melbourne, Algeo got promoted to CEO in June last year. A recent update on his LinkedIn profile shows that his official title is now Head of Asia Pacific and Africa.
Different Subsidiaries
IG Group has been handling different clients across the globe via different regional entities. The company’s core London office used to be the home for global users in most of the cases.
The recent regulatory changes have prompted many companies to rethink their policy when it comes to opening client accounts outside of the EU. The obvious choice for IG Group has been the broker’s Australian office.
The regulatory license issued by the Australian Securities and Investments Commission (ASIC) permits the company to offer higher Leverage to its clients in Asia Pacific and from across the globe.
While traditionally FCA-regulated brokers have been onboarding clients from Africa to their UK entities, the evolution of the market has prompted firms to take a different approach.
The global regulatory environment for retail traders is rapidly changing. While initially traders in the EU have been heavily hit by the new regulations, many brokers opened subsidiaries in offshore jurisdictions.
On-boarding of EU clients to an offshore entity is somewhat of a gray area, which many brokers took advantage of. For retail brokers, the lack of regulatory restrictions meant a green light.
Opportunities for a regulatory arbitrage across financial markets have been traditionally short-lived. A fresh reminder of what could come next brings me back to 2014.
At the time, the Japanese financial regulator JFSA sent a request to ASIC to prohibit local brokers to take on Japanese clients.
The new Head of IG Group's Asia Pacific and Africa unit will be based in Melbourne.
IG Group has promoted its CEO in Australia, Kevin Algeo to Head of Asia Pacific and Africa. The long-time industry veteran has been with the London-headquartered brokerage since 2013.
Algeo started his tenure at IG Group as a Managing Director in South Africa. After spending almost four years in that position, he moved to Australia in February last year.
Starting as Deputy CEO in Melbourne, Algeo got promoted to CEO in June last year. A recent update on his LinkedIn profile shows that his official title is now Head of Asia Pacific and Africa.
Different Subsidiaries
IG Group has been handling different clients across the globe via different regional entities. The company’s core London office used to be the home for global users in most of the cases.
The recent regulatory changes have prompted many companies to rethink their policy when it comes to opening client accounts outside of the EU. The obvious choice for IG Group has been the broker’s Australian office.
The regulatory license issued by the Australian Securities and Investments Commission (ASIC) permits the company to offer higher Leverage to its clients in Asia Pacific and from across the globe.
While traditionally FCA-regulated brokers have been onboarding clients from Africa to their UK entities, the evolution of the market has prompted firms to take a different approach.
The global regulatory environment for retail traders is rapidly changing. While initially traders in the EU have been heavily hit by the new regulations, many brokers opened subsidiaries in offshore jurisdictions.
On-boarding of EU clients to an offshore entity is somewhat of a gray area, which many brokers took advantage of. For retail brokers, the lack of regulatory restrictions meant a green light.
Opportunities for a regulatory arbitrage across financial markets have been traditionally short-lived. A fresh reminder of what could come next brings me back to 2014.
At the time, the Japanese financial regulator JFSA sent a request to ASIC to prohibit local brokers to take on Japanese clients.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!