IG Group, a London-headquartered spread betting and CFD trading provider, has tapped Adam Wheelwright, a former Managing Director at NatWest Group, as its Chief Technology Officer. The broker says it is onboarding Wheelwright "to drive its innovation agenda.”

In a statement issued on Tuesday, IG Group noted that Wheelwright, who will resume the role on April 17, 2023, will be based in the brokerage firm’s London office. The senior executive brings nearly three decades of financial industry experience to the role.

Wheelwright’s appointment comes a day after IG Group disclosed that it has signed an agreement to acquire Small Exchange to expand its US offerings and leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the Chicago-based futures exchange’s trading technology.

Before being tapped by IG Group, Wheelwright served as the Chief Information Officer of the National Health Service (NHS) Test and Trace team, a government-funded service which later became part of the UK Health Security Agency (UKHSA). At the agency, he spearheaded the “design, delivery and evolution of all technological solutions supporting the nation’s pandemic response," IG Group said.

IG Group’s Wheelwright’s “Extensive Experience”

According to IG Group, Wheelwright has “extensive experience in designing and delivering complex, transformational technology projects across financial services and large organizations.” In addition, he has worked cross-country, leading teams in the United States, Europe and Asia.

At NatWest Group, the senior executive co-founded Bó, a digital retail banking company and served as its Chief Operating Officer for two and a half years between September 2017 and February 2020. On his LinkedIn profile, Wheelwright wrote that he initially served additional roles at BO, including as the Chief Information Officer, Chief Technology Officer and Chief Procurement Officer.

Among other roles at NatWest, Wheelwright functioned as the Chief Administrative Officer for NatWest Markets and led the NatWest Group's capital markets arm’s £500 million digital transformation programme.

During the earlier years of his career, Wheelwright worked at Nomura, Dresdner Kleinwort and UBS as the Global Head of Change Managment, Managing Director, and Executive Director, respectively, all between 2009 and 1999.

Speaking on Wheelwright’s appointment, June Felix, the CEO at IG Group, noted that the senior executive brings “decades of experience in delivering innovation as strategy to diversify our products and geographies.”

“I am looking forward to working closely with the senior management team to further strengthen the business’ technology capabilities as a leading global fintech company and drive forward its ambitious agenda,” Wheelwright added.

Meanwhile, rival Capital.com recently hired Niamh Byrne, who previously spent 14 years at IG Group, as its Head of UK and Ireland to provide execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term support for its deal with OvalX. Furthermore, Ramon Kaur recently left her role as the Global Head of communications at IG Group after spending nearly six years at the brokerage firm.

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