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

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.