IG Group has appointed Andrew Biggs as its new Trading Director, the company announced on LinkedIn today (Wednesday). He will oversee the optimisation and growth of IG’s trading operations.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).
The appointment follows IG’s earlier announcement of Andrew Barron as Board Chair Designate and Non-Executive Director, concluding the search for a new Chair. Barron succeeds Mike McTighe, who retired in September 2025 but remained in the role until a successor was confirmed.
Biggs Brings Risk, Trading Experience
Biggs joins IG from Finalto Trading, where he served as CEO. He previously held senior roles including Group Head of Risk and Trading, Head of Liquidity and Systematic Market Making, and Head of Liquidity at Finalto and its predecessor, CFH Clearing.
- EBC Financial’s UK CEO David Barrett Steps Down After Six Years
- Trade Nation UK Turnover Hits £25 Million in 2025 as Hedging Costs Fall
- FTMO Founders Take the Helm at OANDA as Co‑CEOs; CEO Steps Down
Earlier in his career, he worked at IS Prime Limited as Head of Liquidity and Risk Analysis and Head of Electronic Trading Solutions. His experience spans trading, risk management, and technology-focused operations in London.
IG Expands US, Crypto, Products
Alongside these leadership changes, IG reported total revenue of £1.12 billion for 2025, supported by a 10% increase in net trading revenue and higher customer activity, partly driven by the Freetrade acquisition. Net interest income fell 16% to £118.8 million as lower benchmark rates reduced yields on client cash balances.
EBITDA increased slightly to £531.1 million, while the margin narrowed to 47.3% due to reinvestment in marketing and product development. Active customers grew from 270,300 to 742,100, largely reflecting the Freetrade consolidation, while organic growth was 6%.
IG’s US platform, tastytrade, delivered £186.7 million in net trading revenue, up 18% year-on-year, with assets under administration reaching £18.2 billion. The group also expanded its crypto operations with Independent Reserve, launched new equity and pension products, and initiated a strategic review of its corporate structure, with results expected in autumn 2026.
