Prime brokerage service provider IG Prime, the institutional services unit of IG Group (LON:IGG), has announced its partnership with Rosberg X Racing, the Extreme E race team owned by former Formula One World Champion Nico Rosberg. The team – featuring drivers Molly Taylor and Johan Kristoffersson – currently sits top of the Extreme E championship standings after victory at the inaugural Desert X-Prix in April.

IG Prime’s logo will feature on the Rosberg X Racing car for the first time at the Ocean X Prix in Lac Rose, Senegal on 29 -30 May 2021.

IG Prime stated that it has an ambition to continue to be the best provider in the sector as well as focusing its efforts towards supporting environmental and social factors. IG is a certified carbon neutral business and is working hard to identify a credible pathway to net zero. Championing sustainability and equality through a like-minded and leading partner – Rosberg X Racing – allows the global brokerage business to innovate, learn and collaborate with the premier electric off-road series during its inaugural season.

The IG Prime partnership with Rosberg X Racing aligns with IG Group’s values which sees the company celebrate pioneering organisations and individuals who embrace innovation and achieve success through a different approach.

Fouad Bajjali, CEO of IG Bank said:

“Everyone at IG Prime is incredibly proud to partner with Rosberg X Racing and be part of the ground-breaking and exciting Extreme E series. We believe this partnership with a pioneering team led by a true innovator in Nico Rosberg will accelerate our own ESG ambitions and inspire our people and clients. RXR’s passion to succeed echoes IG Group’s values, to empower ambitious people and raise the bar to reach excellence.”

Nico Rosberg, CEO of Rosberg X Racing said:

“It is fantastic to announce our partnership with IG Prime. Not only are they driven to be the best in their field, they have a shared passion for the environment and sustainability. With our shared values and common goals, it will be great to work with IG Prime and collaborate throughout the rest of the season. We’ve made a good start to the inaugural Extreme E season and we’re looking forward to that momentum continuing with IG Prime onboard at the Ocean X Prix this weekend in Senegal.”

IG Prime’s prime brokerage business gives clients access to a range of synthetic, custody, trading and financing solutions. The company provides web-based trading, mobile apps, and its own proprietary execution systems. IG Prime also supports third-party trading access via FIX, MT4, API and Bloomberg EMSX.

Rosberg X Racing is an evolution of Team Rosberg, which was founded in 1994 by 1982 F1 World Champion Keke Rosberg. The team is based in Neustadt, Germany and has successfully competed in various racing series, including Formula BMW, Formula 3 and the German Touring Masters Championship (DTM). Since its inception, Team Rosberg has claimed a total of 38 DTM victories as well as three driver and two team championship titles. Nico Rosberg will oversee the development of RXR in Extreme E as the team’s Founder and CEO, while Kimmo Liimatainen takes on the role of Team Principal.