IG Group chief June Felix steps down with immediate effect
British online trading platform IG Group said on Tuesday that CEO June Felix will step down immediately due to health reasons. Felix was on medical leave since early July, during which finance chief Charlie Rozes was the acting CEO.
British online trading platform IG Group said on Tuesday that CEO June Felix will step down immediately due to health reasons. Felix was on medical leave since early July, during which finance chief Charlie Rozes was the acting CEO.
Rozes will continue in the role, while the board expects to appoint a permanent CEO in the coming months, the company said.
American national Felix, 66, has led the spread betting firm for almost five years. During her tenure, IG Group recorded for the first time an annual revenue of 1 billion pounds ($1.26 billion) last financial year.
Under Felix's leadership, the company also ventured into North America with its purchase of U.S. trading platform tastytrade for $1 billion in 2021, as part of her diversification strategy.
Also Read: Private equity firm Veritas makes takeover offer for BlackBerry, source says
Shares in IG Group have gained nearly 15% in value since she took over in October 2018.
"During her tenure as CEO the company has successfully pursued a strategy to diversify the business while at the same time strengthening its core OTC business resulting in a doubling of the Group's revenue and profit over the period," Chairman Mike McTighe said in a statement.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:01 PM IST