IG Group Holdings Plc (LSE:IGG) has appointed former Paddy Power and Betfair boss, Breon Corcoran, as its new chief executive.
The spread-betting outfit said Corcoran will join the group on January 29 2024, and will be a member of the board, concluding a “comprehensive global search process”.
Charlie Rozes remains as interim CEO and group CFO until Corcoran joins, at which point he will continue as group CFO and a member of the board.
Rozes was appointed as interim CEO when June Felix stepped down for health reasons in the summer.
IG said Corcoran has extensive experience leading multinational fintech companies and was CEO of payments company WorldRemit until 2022 and before that CEO of FTSE 100 company Paddy Power Betfair until 2018, before it later became Flutter Entertainment.
He began his career as a derivatives trader at Bankers Trust and JP Morgan.
IG chair Mike McTighe said Corcoran is “a proven leader of high performing teams within multinational organisations, with an ability to deliver results for all stakeholders”.