IG Group announces exit of CFO and COO

14th Mar 2024 07:47

(Sharecast News) - Online trading platform IG Group has reported stable revenues in the third quarter as it announced the resignation of both its chief financial officer and chief operating officer, just two months after the appointment of a new chief executive.

Charlie Rozes, who has been IG's CFO since 2020, will step down in July, while five-year COO Jon Noble, who first joined IG as a trainee dealer back in 2000, is leaving immediately.

Both are said to be "pursu[ing] other opportunities", the company said, with the exits following the 29 January appointment of new CEO Breon Corcoran, who took over from former boss June Feliex who stepped down due to health reasons last year.

Chair Mike McTighe said the board was "grateful" to both executives for their service.

"Charlie has made an outstanding contribution to the company's growth in his role as CFO and more recently as Acting CEO. We thank Jon for his long service and the pivotal role he has played in positioning IG as the global market leader in our industry," McTighe said.

In a separate statement, IG said it delivered a "solid revenue performance" in the third quarter to 29 February, with revenues more or less unchanged from last year at £240.1m.

Active clients in the quarter totalled 266,800, down from 268,600 a year earlier but up from 263,600 in the second quarter, with the period seeing the "lowest level of volatility in over five years", the company said.

Nevertheless, IG said that revenue and adjusted profits for the full year to 31 May are still expected to be in line with current market expectations.