The London-based electronic trading platform provider, IG Group Holdings has announced that June Felix, the Chief Executive Officer, will take a short period of medical leave from the business. Her role would be taken over by Charlie Rozes, the current Chief Financial Officer (CFO).

Rozes will temporarily serve as the Acting CEO in addition to his current roles for the continuity of the business; the company announced today (Monday). However, IG did not specify any details or the time period expected for Felix's absence.

June Felix

Prior to her appointment as IG Group’s CEO, Felix held various senior management roles in New York, London, and Hong Kong. Her previous appointments include the President of Verifone Europe and the Global Head of Banking at IBM. Additionally, she served as a senior executive at Citibank and at Chase Bank.

Felix served as a non-Executive Director at IG Group from 2015 before becoming the CEO. She is credited for the geographical expansion of the group and product diversification. She oversaw the acquisition of tastytrade, a US-based trading platform , in a deal worth $1 billion.

Rozes joined IG Group as the CFO on June 1, 2020. He previously worked for PricewaterhouseCoopers LLP, where he became a partner in 2001. Additionally, he has served in senior executive roles at IBM and Bank of America.

Besides the new changes, IG Group announced that the financial results for the fiscal year 2023 would be released on July 20 at 7 AM BST.

IG’s Financial Reports

IG announced its third quarter report for the financial year 2023 in March, disclosing a drop of 7 percent in revenue to £239 million. The decrease was caused by over-the-counter (OTC) derivatives revenue. The segment declined 18 percent to £180 million in this period.

However, the London-based group reported a jump in the exchange-traded derivatives, stock trading, and investment revenue. Its subsidiary tastytrade generated £45 million in the quarter, which is a year-over-year increase of 57%, Finance Magnates reported.

Meanwhile, in April, IG announced that it was bringing back Small Exchange (a platform owned by Foris DAX Markets, the parent company of Crypto.com) into the fold. Initially, the group sold its subsidiary, the North American Derivatives Exchange (NADEX), and Small Exchange.