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Executive Moves
IG Gets New Australia and New Zeland Unit CEO with an Internal Promotion
2024-01-16T11:25:10.963+02:00
Matthew Davidson has been working for IG Group for about 19 years.
IG will onboard a new Group CEO later this month.
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Eren Eraslan Assumes as Head of Northern Europe at IG
2024-01-05T13:34:23.083+02:00
Previously, Eraslan led as Head of Germany and Austria at IG.
Earlier, the company appointed Breon Corcoran as its permanent Chief Executive Officer.
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Executive Moves
IG Prime Strengthens APAC Team by Hiring Andrew Wood from CMC
2023-12-18T07:29:27.927+02:00
Wood has joined the Sydney offices of IG Prime.
He also held positions at CMC Markets, Saxo, and Deutsche Bank.
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Breaking: IG Group Names Breon Corcoran as CEO
2023-12-08T09:22:06.875+02:00
He will join the broker on 29 January 2024.
Previously, he headed WorldRemit and multiple online betting brands as a CEO.
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Executives
Exclusive: IG's South Africa CEO Leaves amid Global Workforce Reduction
2023-12-04T14:35:41.958+02:00
Robert van Eyden became the CEO of IG South Africa in mid-2022.
He has been replaced by Aphindile AB Bokleni who will continue as IG SA’s COO.
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Retail FX
IG Group Launches £150 Million Share Buyback Tranche
2023-11-07T11:00:25.756+02:00
This initiative is part of a larger share buyback program announced four months ago.
It is scheduled to be fully executed by the end of July 2024.
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Retail FX
Three IG Group Subsidiaries Report Mixed Results for Fiscal Year 2023
2023-10-31T10:05:02.567+02:00
Profits reported by IG Markets and IG Index decreased slightly in FY23.
However, IG Trading and Investments reported a robust growth.
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Retail FX
Breaking: IG Group to Reduce 10% Staff Globally
2023-10-31T09:12:14.132+02:00
The broker is aiming at a full run-rate cost savings of £50 million per year.
It came after a review of the company’s cost-efficiency opportunities.
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Brokers
IG’s Q1 OTC Revenue Drops 8% despite Strong Interest Income
2023-09-14T08:52:20.009+02:00
The broker generated £34.4 million in interest income alone.
Active clients on the platform declined to 267,000.
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Retail FX
IG Group's American Arm Joins FIA, Expands Its Global Trading Network
2023-08-30T23:59:33.244+02:00
IG entered the US market in 2021 through the $1 Billion acquisition of tastyworks.
The group's revenue from its US operations surged 47% to £191.3M in FY23.
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Executives
CEO of IG Group, June Felix, Steps Down Due to Ill Health
2023-08-29T09:30:24.478+02:00
She has been on medical leave since July.
The broker has initiated the search for a permanent CEO.
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Retail FX
News Nuggets | 2 August: IG's Share Buyback; New Features on Fortex
2023-08-02T12:47:56.914+02:00
Also, the partnership between Crossover Markets and Liquid Mercury.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Brokers
IG Group Ends FY23 with Lower Trading Revenue, Expands Share Buyback
2023-07-20T09:21:13.059+02:00
The trading revenue of the broker has declined 3 percent.
It allocated £250 million more to its share buyback program.
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Institutional FX
IG Group's CFO Temporarily Becomes the CEO
2023-07-03T10:50:03.285+02:00
The group's CEO June Felix is going on medical leave.
IG will release the financial results for the fiscal year 2023 on July 20.
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Retail FX
News Nuggets | 25 May: Gate.io in Hong Kong; CFI's New Office
2023-05-25T11:30:50.990+02:00
Also, IG's caution against market volatility.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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News Nuggets | 11 May: Zenfinex, Trading 212 Executives; IG's Warning on TRY
2023-05-11T12:31:19.301+02:00
Also, BIS on offline CBDC and crypto airdrop on eToro.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Executives
IG Group Hires NatWest Group’s Adam Wheelwright as CTO
2023-04-04T15:00:18.352+02:00
Wheelwright has previously worked with UKHSA, Nomura, Dresdner Kleinwort and UBS.
The executive's appointment comes a day after IG Group agreed to acquire Small Exchange.
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Retail FX
IG Group Acquires Small Exchange from Crypto.com’s Parent
2023-04-03T21:52:27.586+02:00
The company previous sold its stake in Small Exchange for a return on investment.
However, the firm is now turning to the futures exchange to expand its US offerings.
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IG Group Expands Share Buyback Program with £50 Million Third Tranche
2023-04-03T10:08:50.023+02:00
IG Group initiates the £50m third tranche of the share buyback program, extending to £200m.
The tranche runs from 3 April to 31 August, aiming to reduce share capital.
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IG Closes Q3 with 18% OTC Derivatives Revenue Drop
2023-03-15T09:55:02.334+02:00
Active clients of IG’s OTC products dropped by 8 percent.
The group is expecting to meet market expectations with FY23 revenue and profits.
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Executive Moves
Martin Price Joins IG as Investor Relations Head
2023-03-09T13:38:50.214+02:00
Price most recently worked at Jefferies’s equity research team.
He will join IG on 14 March.
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Retail FX
IG Sees 10% Revenue Jump in H1 FY23, Extends Share Buyback Program
2023-01-26T10:19:03.481+02:00
Its basic earnings per share came in 5 percent lower.
The company allocated an additional £50 million to the share buyback program.
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Executives
Ramon Kaur Announces IG Group Departure
2023-01-06T18:19:28.574+02:00
Her exit from IG Group was announced on LinkedIn.
Kaur had been with the IG Group since Feb 2017.
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LCG Enlists IG Group, to Engage Other ‘Industry-Leading Providers’
2023-01-06T18:16:55.282+02:00
The move is part of "major changes" LCG's business is undergoing.
The firm recently created a new team to lead it on "a new growth journey."
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Executive Moves
Michael Logue Rejoins IG, Takes Up Head of Product and Marketing Role
2022-12-20T08:39:17.360+02:00
He rejoined the firm after spending a year at IG subsidiary tastytrade.
He has been a part of IG Group since 2012.
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