IG Group CEO June Felix resigns due to health issues

abdelaziz Fathi

June Felix, who led IG Group as chief executive officer for the past five years, resigned Tuesday from the company and the board of directors, where she has been a non-executive director since 2015.

June Fenix

The spread betting and CFDs broker announced that June Felix will step down from her position as CEO and director of the company due to health reasons. Her employment will cease on September 29, and the company has begun a search for a permanent successor. In the meantime, Charlie Rozes will continue as acting CEO and chief financial officer.

Felix has been on medical leave from the FTSE 250 company since July 4. During her absence, Charlie Rozes assumed the role of acting CEO to handle the day-to-day responsibilities in addition to his current position. At the time, June Felix told shareholders that she is temporarily stepping down to take “medical leave” for a “short period”.

IG Group said the decision to appoint Rozes as acting CEO is aimed at ensuring continuity in the execution of the company’s strategy. June Felix has been with IG Group for nearly five years, initially joining as a non-executive director before taking over as the broker’s CEO.

Charlie Rozes has an extensive background in the financial industry. He began his professional career at PricewaterhouseCoopers LLP and later became a Partner with the firm in 2001. Throughout his career, he has held various senior executive roles, including positions at IBM and Bank of America.

In 2007, Rozes joined Barclays plc as the CFO of Barclays UK Retail and Business Bank. He then served as the Global Head of Investor Relations from September 2011 to August 2015.

Following his tenure at Barclays, Rozes joined Jardine Lloyd Thompson plc as the Group Finance Director. He held this position until April 2019 when Jardine Lloyd Thompson was acquired by Marsh & McLennan Companies Inc.

Mike McTighe, Chair of IG Group, commented: “On behalf of the Board, I would like to extend our best wishes to June as she continues her recovery. We thank her for the significant contribution she has made over the past eight years as a board member and especially as Group CEO for almost five years. During her tenure as CEO the company has successfully pursued a strategy to diversify the business while at the same time strengthening its core OTC business resulting in a doubling of the Group’s revenue and profit over the period.”

June Felix added: “It has been a great privilege to build and lead such a talented, ambitious group of people as the CEO of IG Group for nearly five years. It has been through everyone’s collective effort that we have built a stronger, more diverse company. For this, I thank my executive team, all of my colleagues and the Board of IG Group for an unforgettable period.”

Felix’s lengthy career

Felix’s career spans over three decades, during which she has held leadership roles at prominent organizations such as Citigroup, IBM, and McKinsey & Company. She has a diverse background and has worked in different sectors of the financial industry, including banking, payments, and technology.

She has received several accolades, including being listed in the “Powerlist 100” by Powerful Media and named as one of the “100 Most Influential Women” by Cranfield University.

With her extensive industry knowledge, leadership skills, and dedication to driving innovation, June Felix played a significant role in shaping the success and growth of IG Group during her tenure as CEO. She was appointed as CEO of IG Group in October 2018. Prior to becoming CEO, Felix served as a non-executive director of IG Group starting from September 2015.

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