(Reuters) – British online trading platform IG Group said on Monday that Chairman Mike McTighe will step down by the end of 2025 after five years in the role.
McTighe, 71, assumed the role in February 2020 and has since steered the firm during periods of market volatility, leading to a continued growth in client trading.
IG Group CEO Breon Corcoran has also aimed to capitalise on opportunities such as cryptocurrencies. In June, the firm became the first London-listed company to launch crypto trading in the UK.
“With solid foundations laid for stronger growth, I am confident that under Breon Corcoran’s leadership, IG will go from strength to strength,” McTighe said in a statement.
IG Group said McTighe will be standing for re-election at the annual general meeting on September 17, while the company looks for his successor.
(Reporting by Nithyashree R B in Bengaluru; Editing by Sonia Cheema)
