Trading tech executive Qu Zhao joins IG Group as Head of Japan after roles at moomoo Securities, Tinder, and BIGO. The appointment signals a shift in strategy from rebuild to customer growth in a maturing market.
IG
Dunn has worked at IG Group for more than two decades and held a number of senior trading roles.
IG’s only realistic merger option is with a large retail-facing firm that fills the gaps in its product offering.
IG CFO Clifford Abrahams told Bloomberg the move would benefit staff and improve M&A options.
The online trading group reported full-year revenue of £1.08bn and statutory profit after tax of £380m, with trading revenue growth offsetting weaker interest income as the company pushes into crypto, stock trading, and the US market.
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IG had used its South Africa office to outsource different functions, including marketing and compliance.
Harbage and Ward have both held senior positions in the IG premium client sales team.
BrightPool was the market maker for IG Group’s Germany-based exchange Spectrum Markets, which was closed last year.
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We talk new brokers, books, and blackouts
