IG Group announced the resignation of two executives, CFO Charlie Rozes and COO Jon Noble. Also, revenue from the Q3 financial report was flat compared with the previous year.

IG Group

Following a series of management structure changes at UK-based online trading provider IG forex broker, Chief Financial Officer Charlie Rozes and Chief Operating Officer Jon Noble are stepping down from their position to pursue other careers. Even so, the two executives will continue to ensure the transition process runs smoothly and orderly.

Rozes will carry out his responsibilities until 31 July 2024. Meanwhile, Noble will immediately resign as Executive Director but will continue to carry out his duties for a short time. Despite carrying out an identification process, IG forex broker has not yet found replacements for these two positions.

 

Q3 FY24 Revenue Remains Flat

On the other hand, other forex broker news that is no less important from the LSE-listed broker is information regarding the financial report for the third quarter of the 2024 fiscal year. Although a slight increase of 4.5% from the previous year, its total revenue of £240.1 million had a similar figure in the same quarter last year.

Also, the number of active customers in the quarter reached 266,800, with total assets of over £10.1 billion. This figure is down from 268,600 in the third quarter of last year but up from 263,600 in the second quarter of the current fiscal year. Despite the decline in some reports, the company still generated interest income of £35.2 million, of which £19.1 million came from the United States.

IG's US-based parent company, delicioustrade, delivered a milestone success in quarterly revenue of $62.6 million, which jumped 8% from the previous quarter and 25% year-over-year.

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