Bridget Messer Leaves IG Group after 16 Years

abdelaziz Fathi

IG Group is parting ways with Bridget Messer, who held both CCO and executive director roles for the UK online trading specialist, according to a regulatory filing with Companies House.

Messer has spent 16 years with the FCA-regulated broker, based out of its offices in London. She has already announced her intentions to step down back in June, citing family reasons.

At the time, the spread betting and CFDs broker said the long-serving executive will continue in her roles for three months and will remain as a director until September 22, the day of the FTSE 250 listed company’s AGM.

Messer has more than two decades of experience in the financial industry, having held various positions within the legal function at IG Group. She started her career with IG as head of regulatory and product law, as well as legal counsel back in 2005.

Bridget soon moved on to roles such as the chief compliance officer and company secretary. During this long stint, she worked her way up through several senior roles, culminating with the position of chief commercial officer, reporting directly to IG’s chief executive.

Prior to joining the UK broker, Bridget held a position as a solicitor within Deutsche Bank, according to her Linkedin profile. Earlier in her career, she worked as a corporate solicitor at Corrs Chambers Westgarth Lawyers in Australia.

“Bridget has made an invaluable contribution to the Group throughout her tenure with the company. Her knowledge on commercial and regulatory matters have been greatly appreciated, as well as the role she has played in building the values and culture that have helped drive IG’s success. We thank Bridget for her dedication and wish her well,” said IG CEO June Felix.

Britain’s biggest player in the spread betting sector, with a 40 percent share of the market, has undergone several management changes over the last few months. Most recently, the firm has appointed industry veteran Lisa Pollina, who once was Vice Chairman for RBC Capital Markets, as a Non-executive Director.

IG Group reported earlier last week its trading update for the first quarter of its fiscal year ending on August 31, 2021. The UK online trading leader said high levels of trading activity among clients helped grow revenue 6 percent year-on-year. The revenue figure was reported at £227.5 million for the first quarter of the FY22.

Read this next

Industry News

Celsius $750m insurance claims are fraud, says lawyer seeking EU crypto superfund

“It is an intentional deception in aid of a billion-dollar securities offering.”

Institutional FX

DGCX brokers authorized to provide derivatives trading and clearing services

The DFM is looking to provide multiple asset classes such as; equities, ETFs, equities’ futures, crude oil futures, etc. to meet the growing demand from its diversified base of local and international investors.

Digital Assets

EQONEX leaves “crowded crypto exchange space” amid crypto winter

“The recent extreme market volatility and declining trading volumes have added to the headwinds being felt by exchange operators. We take a realistic view that our exchange will not move the needle for us financially over the near-to-medium term.”

Digital Assets

FTX and Paradigm partner for spreads trading: lower risk, lower fees

“This structured spread trading product is the first that will enable crypto investors to utilize cash and carry trades through FTX and Paradigm.”

Industry News

SEC uncovers online retail brokerage hacking scheme

Fraudsters were able to sell their holdings at artificially high prices and reap more than $1 million in illicit proceeds, the SEC alleged. 

Executive Moves

Cornerstone FS taps James Hickman as CEO

“I see great potential in the business from its proprietary technology to its regulatory permissions. It is already delivering an exceptional service to its SME customers and the scalable platform is ideally positioned to add further product capability.”

Retail FX

FCA warns of Lite Forex Pro as crackdown on clone scams continues

The UK Financial Conduct Authority has put out a press release that warns about a new ‘clone firm’ investment scam impersonating LiteForex‎, which rebranded last year as LiteFinance.

Digital Assets

Novogratz’s Galaxy Digital backs out of $1.2 billion deal to buy BitGo

Crypto merchant bank Galaxy Digital would not move forward with its bid to buy digital-asset custodian BitGo.

Executive Moves

OctaFX elevates Nikolas Charalampous to executive director role

OctaFX has promoted its head of dealing, Nikolas Charalampous, to the role of executive director, which saw the expansion of his day-to-day responsibilities and oversight.

<