IG Group appoints Max Hayden as new Global Head of Institutional Sales

Maria Nikolova

Mr Hayden is based at IG’s London offices and reports to Fouad Bajjali, CEO of IG Bank SA, who leads IG’s global institutional business.

Electronic trading major IG Group today announces that it has hired Max Hayden in a new role as Global Head of Institutional Sales in order to bolster its institutional business as part of its wider strategic investment for growth.

Mr Hayden has more than 30 years of experience in the prime brokerage field having recently spent two years at ITI Capital, a private equity owned brokerage which covered both Institutional and Retail clients in global market execution, as CEO. Before that he was at BCS Global Markets, a Russian-based specialist broker, for three years, where as Managing Director he was responsible for the development of their Prime Brokerage business. Before these roles he spent the majority of his career at Bank of America Merrill Lynch where he was responsible for the International Prime Brokerage product.

Mr Hayden is based at IG’s offices in London and reports to Fouad Bajjali, CEO of IG Bank SA, who leads IG’s global institutional business.

Let’s note that, in May 2019, IG Group’s CEO June Felix, CEO announced six strategic choices, which underpin how the Group operates, how it intends to continue to deliver value and how it will reach its goal of providing the best client trading experience. IG Group has four growth levers to reach the strategic choices, including segmented target markets, expanded distribution channels, multi-product offering and a global firm with more local focus.

IG’s institutional offering is part of its Significant Opportunities portfolio, which forms part of the company’s overall strategy of building a more diversified and sustainable business. IG is targeting the c.8000 hedge funds and family offices with less than USD200 million in Assets Under Management, which represents a potential market opportunity of around £500 million for IG’s institutional business.

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading


DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.