LONDON-BASED online trading firm IG has announced its CEO June Felix will step away at the end of September after almost five years at the helm.

Earlier this summer IG had said Felix would temporarily step down during medical leave but an updated note yesterday confirmed she would be moving on from the role permanently due to what it called a "health situation".

Recruiters Russell Reynolds has been appointed to oversee the appointment of a new CEO, with Charlie Rozes continuing to serve as interim boss and chief financial officer.

Felix said it had been a "great privilege" to lead IG: "It has been through everyone's collective effort that we have built a stronger, more diverse company. For this, I thank my executive team, all of my colleagues and the board of IG Group for an unforgettable period," she added.

During her time at the helm, revenues have grown from just shy of £600m to almost £1bn last year, and profits have increased from £288m to £470m.

Mike McTighe, chair of IG Group, paid tribute to Felix. A scheduled September trading update remains on course.

(c) 2023 City A.M., source Newspaper