Electronic trading major IG Group Holdings plc (LON:IGG) today announced the appointment of Breon Corcoran as Chief Executive Officer.

He will join the Group on 29 January 2024 and will be a member of the Board, subject to regulatory approval. Breon’s appointment concludes a comprehensive global search process undertaken by the Board.

Charlie Rozes remains as Interim CEO and Group CFO until Breon Corcoran joins, at which point he will continue as Group CFO and a member of the Board.

Breon Corcoran has extensive experience leading multinational fintech companies and delivering on their growth strategies. He was CEO of payments company WorldRemit until 2022 and CEO of FTSE 100 company Paddy Power Betfair until 2018. He began his career as a derivatives trader at Bankers Trust and JP Morgan.

Mike McTighe, IG Group Chair, said:

“I am very pleased to announce Breon’s appointment following a comprehensive global search. He is a proven leader of high performing teams within multinational organisations, with an ability to deliver results for all stakeholders. The Board is confident that Breon is the right person to lead IG and deliver the next phase of growth. I look forward to working with him.”

Breon Corcoran, commented:

“I am delighted to be joining IG Group. It’s a business I’ve long admired. I look forward to working with the Board and executives to build on its current successes.”

Breon Corcoran is currently non-executive Chair of Auction Technology Group plc.