IG Group's CFO Temporarily Becomes the CEO

<p>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).</p><p>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. </p><p>June Felix</p><p>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.</p><p>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 <a href="https://www.financemagnates.com/forex/ig-group-completes-the-acquisition-of-tastytrade-after-regulatory-approval/" target="_blank">acquisition
of tastytrade</a>, a US-based
<a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a>, in a deal worth $1 billion.</p><p>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.</p><p>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.</p><p>IG’s Financial Reports</p><p>IG announced its <a href="https://www.financemagnates.com/forex/brokers/ig-closes-q3-with-18-otc-derivatives-revenue-drop/" target="_blank">third
quarter report</a> 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.</p><p>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%, <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a> reported.</p><p>Meanwhile, in April, IG announced that it was <a href="https://www.financemagnates.com/forex/ig-group-acquires-small-exchange-from-cryptocoms-parent/" target="_blank" rel="follow">bringing back Small Exchange</a> (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.</p>

This article was written by Jared Kirui at www.financemagnates.com.