IG Markets South Africa (IGMSA), a subsidiary of the IG Group, has appointed Robert J. van Eyden as the company’s new Chief Executive Officer.
As per a Linkedin update by van Eyden, he joined the South African entity of the London-headquartered broker earlier this month. “I'm pleased to announce that I will assume the role of CEO,” he wrote in a social media post.
He brings almost three decades of financial industry experience to his new role. He started his career in academia before making a switch to corporate roles.
van Eyden joined IG from FNB South Africa, where he held both the roles of Chairperson and CEO over the last five years. Before that he was with Barclays Wealth Management for three years, having the CEO role of Africa Group Stockbrokers and Portfolio Management.
He started his career in July 1989 in academia, lecturing at the University of Pretoria. He entered the corporate industry with a Fixed income analyst role at Nick Fredericks Britz & Company and later became a Quantitative Research Analyst at Rand Merchant Bank.
Additionally, he spent more than 12 years working for Standard Bank Group. He worked in several roles in the company over the years and parted as the Global Head of Research. His other industry roles include being the CEO of TBS Securities.
Developments at IG
IG, which is one of the largest retail brokers, reported a 16 percent jump in its net trading revenue for the financial year 2022, which reached £972.3 million. Moreover, the pre-tax profits of the broker came in at £477 million.
Meanwhile, the broker launched a £150 million share buyback program that it aims to close by the end of the ongoing financial year.
