Last checked at 8 Dec 2023 07:00
08 December 2023
LEI No: 2138003A5Q1M7ANOUD76
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
IG GROUP HOLDINGS PLC
IG Group Appoints Breon Corcoran as Chief Executive Officer
IG Group Holdings plc ("IG Group") is pleased to announce the appointment of Breon Corcoran as Chief Executive Officer. He will join the Group on 29 January 2024 and will be a member of the Board, subject to regulatory approval. Breon's appointment concludes a comprehensive global search process undertaken by the Board.
Charlie Rozes remains as Interim CEO and Group CFO until Breon joins, at which point he will continue as Group CFO and a member of the Board.
Breon Corcoran has extensive experience leading multinational fintech companies and delivering on their growth strategies. He was CEO of payments company WorldRemit until 2022 and CEO of FTSE 100 company Paddy Power Betfair until 2018. He began his career as a derivatives trader at Bankers Trust and JP Morgan.
Mike McTighe, IG Group Chair, said: "I am very pleased to announce Breon's appointment following a comprehensive global search. He is a proven leader of high performing teams within multinational organisations, with an ability to deliver results for all stakeholders. The Board is confident that Breon is the right person to lead IG and deliver the next phase of growth. I look forward to working with him."
Breon Corcoran, commented: "I am delighted to be joining IG Group. It's a business I've long admired. I look forward to working with the Board and executives to build on its current successes."
Breon is currently non-executive Chair of Auction Technology Group plc.
There are no other disclosures required under Listing Rule 9.6.13(R).
As previously announced, IG Group will release H1 FY24 results on 25 January 2024.
Contact information
IG Group Investor Relations | IG Group Press | FTI Consulting |
Martin Price 020 7573 0020
Simon Wright 020 7573 0099 investors@ig.com | Angela Warburton 020 7633 5382 press@ig.com | Ed Berry 07703 330 199
Katherine Bell 07976 870 961 iggroup.sc@fticonsulting.com |
About IG
IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly 50 years, the Company has evolved its technology, risk management, financial products, and education and content to meet the needs of its retail and institutional clients. IG Group continues to innovate its offering for the new generation of tomorrow's investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.
Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000 financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.