IG Group is “progressing well” in its search for a new chair of its board, the company announced in a stock market update this morning.
The broker revealed in September that Mike McTighe, its current chair, plans to retire. He plans to remain in the role until a successor is found.
In its announcement this morning, the group also stated that a further announcement will be made in due course.
The update comes after IG Group published its financial results for the three months to the end of November last week.
It reported a 26% increase in revenues for the period compared to 2024, driven by an uplift to OTC trading.
Revenues for the broker’s CFD and spread bet products rose to £210.9m in the three month period, up 27% on last year.
Alongside the quarterly figures, IG noted that it has set up a “new divisional leadership team” to manage its US business and accelerate its growth in the market.
It said the new team will “play an increasingly important role in the Group’s future expansion”.
