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IG Group Announces Appointment of Breon Corcoran as Its Next CEO

2023-12-11 Brokersview

IG Group Appoints New CEO

After CEO June Felix resigned in August, electronic trading giant IG Group announced the appointment of Breon Corcoran as its next CEO, subject to regulatory approval.


Charlie Rozes will continue as Interim CEO and Group CFO until January 29, 2024, when Breon Corcoran takes up his position. At that time, Charlie will continue as Group CFO and become a member of the Board.


Mike McTighe, Chair of IG Group, commented: "I am very pleased to announce Breon's appointment following a comprehensive global search. He is a proven leader of high-performing teams within multinational organizations, with an ability to deliver results for all stakeholders. The Board is confident that Breon is the right person to lead IG and deliver the next phase of growth. I look forward to working with him."


Breon Corcoran stated: "I am delighted to be joining IG Group. It's a business I've long admired. I look forward to working with the Board and executives to build on its current successes."


With extensive experience in leading multinational fintech companies and supporting their growth strategies, Breon served from October 2018 to August 2022 as CEO of WorldRemit, a digital cross-border remittance business. Before joining WorldRemit, he spent more than a decade at Paddy Power, Ireland's largest betting company, where he held a number of key roles including MD of Non-Retail for Digital and Chief Operating Officer. Throughout his career, Breon has also held key roles at Tilney Group, Betfair, JP Morgan, and Bankers Trust. Since August 2020, he has been Non-Executive Chairman at Auction Technology Group, a U.S.-based global technology company.


Earlier this month, the Group decided to dismiss its South African CEO Robert J. Van Eyden as part of a retrenchment exercise.