Breaking: IG Group’s CFO and COO Resigns, Q3 FY24 Revenue Remains Flat

Breaking: IG Group’s CFO and COO Resigns, Q3 FY24 Revenue Remains Flat

Time Stamp: March 14, 2024 3:21 AM
Source Node: 2514520

Two top executives of IG Group (LON: IGG) have resigned from their roles: Charlie Rozes as the Chief Financial Officer and Jon Noble as the Chief Operating Officer.

Rozes will be stepping down from his role as CFO and Executive Director and will leave the company “to pursue other opportunities.” He will remain in the current position until 31 July 2024 “to ensure a smooth transition.” Meanwhile, Noble will be leaving his role as Executive Director immediately but will remain with the business for a short period to ensure an orderly transition.

Q3 Results

The London-based broker also revealed its financials as it ended the third quarter of fiscal 2024 with a total revenue of £240.1 million, a quarter-over-quarter increase of 4.5 percent but almost identical to the figures of the corresponding quarter of the previous fiscal.

According to the official numbers published today (Thursday), the London-headquartered broker generated £176.9 million from over-the-counter (OTC derivatives, which includes forex and contracts for differences instruments, £53.7 million from exchange-traded derivatives, and £9.5 million from stock trading and investments.

Two top executives of IG Group (LON: IGG) have resigned from their roles: Charlie Rozes as the Chief Financial Officer and Jon Noble as the Chief Operating Officer.

Rozes will be stepping down from his role as CFO and Executive Director and will leave the company “to pursue other opportunities.” He will remain in the current position until 31 July 2024 “to ensure a smooth transition.” Meanwhile, Noble will be leaving his role as Executive Director immediately but will remain with the business for a short period to ensure an orderly transition.

Q3 Results

The London-based broker also revealed its financials as it ended the third quarter of fiscal 2024 with a total revenue of £240.1 million, a quarter-over-quarter increase of 4.5 percent but almost identical to the figures of the corresponding quarter of the previous fiscal.

According to the official numbers published today (Thursday), the London-headquartered broker generated £176.9 million from over-the-counter (OTC derivatives, which includes forex and contracts for differences instruments, £53.7 million from exchange-traded derivatives, and £9.5 million from stock trading and investments.

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