Exclusive: Tal Zohar Set to Join IG Group Senior Management

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has just learned that Tal Zohar, the former CEO of FXCM Israel, will become a member of IG Group Senior Management, where he will report to the Group CEO, Tim Howkins. Zohar will lead several innovative projects in the field of customer relations and advanced financial products and his work at IG will not be related to Israeli clients.

Zohar served for the last 5 years as CEO of FXCM Israel, and retired in September this year after leading it to become one of the two largest companies Israel in its field (according to Dun & Bradstreet survey for 2013 and 2014). Over the years Zohar has built a high profile for himself in the financial trading industry and the larger business community, serving as a public advocate for brokers in Israel up against policy makers and the financial press as the Chairman of the Trading Arena Association in Israel. Such exposure brings with it career advancement offers from time to time and it appears IG Group was the best match for him.

IG Group, which was established at 1974, is considered the world's largest financial institution for leveraged products trading (CFD). It is listed on the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, and is worth more than $ 3.8 Billion dollars and its stock is included in the FTSE250. The IG group operates 19 branches around the world, and is a regulated financial institution in UK, Australia, Japan, Germany, France, Singapore, South Africa and other countries. The group is also the owner of the Swiss bank - IG BANK and the NADEX derivatives exchange in the United States.

Zohar is expected to relocate to London and step into his role in early 2015. Speaking with Forex Magnates, Zohar said: "I am pleased to join the group and contribute my skills to its continuing success. IG is a fascinating group with global operations and complex challenges."