To strengthen its business in China, IG Group hires a new CEO. John Fei, a Taiwanese senior economist, is chosen to hold the responsibility.
John Fei has been appointed as the new CEO of IG Group, a global online trading platform, to expand its growth in Mainland China, Hongkong, and Taiwan. Over the past year, IG has expanded its wing in Asia by recruiting key individuals with solid networking in different fields to build a more sustainable and diversified global business.
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Fei brings to his new position over 25 years of global financial services experienced in a demonstrated history in venture banking, capital business sectors, and retail financier with leading international and local firms. His previous positions include CEO of Maybank's Kim Eng Securities Hong Kong, Head of Global Capital Markets for ICBC International, and Managing Director of Zhong De Securities, a JV between Deutsche Bank and Shanxi Securities. He has lived in Hong Kong for a very long time despite starting his carrier in New York City. In his new job, he will be based in Hong Kong and report to June Felix. He will work with Maggie Yeung, IG's departing CEO of Greater China, to ensure a comprehensive handover. June Felix, IG Group’s CEO, commented:
"John will focus on growing our Greater China business by continuing to develop further corporate and distribution partnerships which are a critical component to our long-term strategy, build IG's brand recognition in the Greater China region and further develop a strong local IG team."
There is a £1 billion market potential for IG Markets to delve into. Hong Kong has 500,000 potential investors and Greater China has more than four million with the same potential. To gain exposure in Greater China, IG has opened another office in Hong Kong and is in cutting edge conversations with corporate accomplices to serve the expert financial specialist market in Hong Kong. Further information regarding IG's offering as a brokerage can be found on IG review page.