The IG Group, listed and headquartered in London, has promoted Matt McClain as the new CEO for the United Kingdom, Asia Pacific and Emerging Markets. He resides in London and actually took on his new responsibilities earlier this month, according to his Linkedin profile.
He was promoted from this position after spending more than three years as the UK Head of the Broker.
MacLean is an expert in the trading industry, especially forex and CFDs, and has worked for nearly two decades with various brokers. He spent most of his career with IG.
He first joined IG in 2004 as a futures trader, making his debut in the trading industry. He then completed eight long years with the broker, later becoming Group Head of Sales Trading and Head of Group Trading Services.
Today’s players are tomorrow’s merchants
After his first term at IG, Macklin joined rival CMC Markets in September 2012 as President of Europe. There he was initially recruited to run the broker’s client-facing operation in the UK, but in early 2013, he was given responsibility for the European and Canadian offices.
Between 1997 and 2001 MacLean attended Loughborough University in England. He studied Bachelor of Science (BSc) in the fields of Banking, Corporate, Finance and Securities Law.
IG . performance
Meanwhile, IG is doing very well with its brokerage business, generating solid revenue and profits. In the first quarter of fiscal year 2022, adjusted net trading revenue was £221.7 million.
Earlier this year, IG completed the acquisition of tastytrade, thus boosting its derivatives trading services in the US market.