IG Group Announces Breon Corcoran as New CEO

In a significant development, IG Group Holdings, a leader in electronic trading, has officially announced the appointment of Breon Corcoran as its new Chief Executive Officer. The appointment, set to take effect on 29 January 2024, marks the culmination of an extensive global search by the company’s Board.

Breon Corcoran’s arrival as CEO is eagerly anticipated, following his impressive track record in leading multinational fintech companies. He will also join the Board of IG Group, pending regulatory approval. Until his joining, Charlie Rozes will continue to serve as the Interim CEO and Group CFO. Post Corcoran’s induction, Rozes will resume his role solely as Group CFO and a member of the Board.

With a career that started as a derivatives trader at Bankers Trust and JP Morgan, Corcoran brings a wealth of experience to the table. His most recent role was as CEO of WorldRemit until 2022, and before that, he led Paddy Power Betfair, a FTSE 100 company, until 2018. His expertise in guiding companies through phases of growth and his deep understanding of the fintech landscape make him an ideal fit for IG Group’s ambitious growth plans.

Mike McTighe, Chair of IG Group, expressed his satisfaction with the appointment, stating, “Breon is a proven leader with the ability to deliver results for all stakeholders. The Board is confident that he is the right person to lead IG and deliver the next phase of growth. I look forward to working with him.”

Echoing this enthusiasm, Breon Corcoran commented on his new role, “I am delighted to be joining IG Group, a business I’ve long admired. I look forward to working with the Board and executives to build on its current successes.”

Corcoran’s current role as the non-executive Chair of Auction Technology Group plc adds to his diverse experience. His leadership at IG Group is expected to steer the company through its next phase of growth and innovation, further solidifying its position in the competitive landscape of electronic trading.

With this strategic leadership change, IG Group appears poised for an exciting future, leveraging Corcoran’s vast experience and dynamic approach to navigate the evolving fintech sector.