IG Group Holdings plc has appointed Clifford Abrahams as
Chief Financial Officer (CFO) and as an Executive Director, effective December
16, 2024. Abrahams will join the Board in his new role.
IG Group Names CFO
Abrahams brings experience as a CFO across major financial
institutions. Most recently, he served as Group CFO for Virgin Money UK plc, a
position he held since 2021. Before Virgin Money, he was Group CFO at ABN AMRO
Bank for nearly four years. Earlier, he held the same role at Dutch insurer
Delta Lloyd Group.
Commenting on his appointment, Abrahams said: “I am
delighted to be joining IG at such an exciting time. IG has a significant
opportunity to take share in large, fragmented markets and I look forward to
working with Corcoran and the team to accelerate the delivery of the growth
strategy.”
William
Mead recently assumed the role as Head of Operations at IG Group, as
reported by Finance Magnates. Mead
has previously held multiple roles within IG Group.
From October 2019 to August 2024, he served as Head of
Trading Operations. Prior to this, he was the Global Head of Credit and Client
Money from January 2017 to October 2019. Both positions were based in London.
Meanwhile, IG has announced that PayPal
will no longer be available as a payment option for UK users. Following
discussions with the Financial Conduct Authority (FCA), IG adjusted its payment
methods. Users are advised to consider alternatives, such as Apple Pay, which
offers instant transactions and high authorization rates.
Finance Veteran Joins Board
Abrahams began his career at Morgan Stanley, where he was
Managing Director in the Financial Institutions Group. He then spent a decade
at Aviva, working in senior finance roles. He holds an MBA from Wharton
Business School and an MA in Economics from Cambridge University.
Breon Corcoran, Chief Executive Officer, commented: “I look
forward to welcoming Abrahams to IG at this important stage in our development.
His experience will be invaluable as we enter the next phase of growth.”
This article was written by Tareq Sikder at www.financemagnates.com.
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