IG Group's Treasurer, David Russell, Parts Ways With Company

IG Group (LON:IGG) mainstay and longtime treasurer, David Russell, has parted ways with the firm to join Sigma Trading, where he will serve as its newest Head of Risk.

This is the second high profile personnel move at IG Group in as many months, its Group Executive and ex-President and Chief Executive Officer (CEO), Arman Tahmassebi, parted ways with the company, landing at London Capital Group (LCG).

In his new role as the head of risk at Sigma Trading, Mr. Russell will be heading the company’s Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. He joins Sigma Trading after a highly decorated career, including most recently an eight-year stint at IG Group, having served as treasurer since 2007.

Prior to IG Group, Mr. Russell also worked in a number of similar senior roles at Global Trader Europe Ltd, LCH.Clearnet, Refco, GNI Limited, and Coopers & Lybrand, dating back to 1991, according to information on his Linkedin profile.