IG Group CEO steps down due to health reasons

IG Group CEO Image credit: IgorGolovniov / Shutterstock

The CEO of online trading platform IG Group is stepping down from her position due to medical reasons. June Felix has held the role of chief executive at the forex trading company for almost five years.

Felix has been on medical leave since the start of July, with finance boss Charlie Rozes acting as CEO.

Rozes will remain in the role until recruiters brought in from Russell Reynolds have found Felix’s permanent replacement. The company said it expects an appointment to be made in the coming months.

Felix said running IG Group was a “great privilege” and that “It has been through everyone’s collective effort that we have built a stronger, more diverse company. For this, I thank my executive team, all of my colleagues and the Board of IG Group for an unforgettable period”.

IG Group chairman, Mike McTighe, said: “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.”

Under Felix’s leadership, the firm boosted revenues from around £600m to just under £1bn last year, while profits increased more than 60% from £288m to £470m.

IG Group, which offers spread betting and CFD trading, was founded in 1974. Shares in the company were first listed in July 2000 on the London Stock Exchange and today it has a market capitalisation of £2.7bn.