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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
02:01 PM IST