IG Group has appointed Michael Vaughan as Chief Executive Officer of its North American division, effective October 1. The move signals the firm’s intent to strengthen its footprint in a region where competition among online brokers and trading platforms continues to intensify.
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A Veteran in Technology and Fintech
Vaughan brings over 30 years of experience in the high-growth technology sector, including senior roles in scaling fintech businesses. His career spans operational leadership, advisory work, and investment, giving him a broad perspective on how to build and expand digital financial platforms.
Expertise in Scaling Fintech Businesses
“Mike brings more than three decades of experience in the high-growth technology sector, with deep expertise in scaling fintech businesses. The breadth of experience and entrepreneurship Mike brings from his combined operational, advisory, and investment background will be invaluable as we continue to execute on our strategy and grow our active customer base and market share in North America,” the company mentioned on LinkedIn.
Until recently, Vaughan was the Operating partner of equity firm Stripes. Notable among his extensive experiences in the tech space is that he was the Chief Operating Officer at Venmo, owned by PayPal, for six years.
IG recently announced several executive changes, including Chairman Mike McTighe stepping down by the end of the year, concluding a five-year tenure that began in February 2020.
Read more: IG Group Chairman Mike McTighe Steps Down After Five-Year Tenure
The online trading platform mentioned that the succession process had already started as McTighe prepares to leave the board. IG provides clients with access to around 19,000 financial markets worldwide.
Strong Financial Performance
Amid the group's leadership changes, IG recently posted a strong financial report. In July, the group reported stronger-than-expected results for fiscal year 2025, posting total revenue of £1.07 billion, a 9 percent increase from the previous year. Trading revenue contributed £942.8 million, up 12 percent year on year.
The number of active customers also rose to 820,000, supported by the acquisition of Freetrade. Profitability also improved, with adjusted pre-tax profit climbing 17 percent to £535.8 million. Net profit after tax increased 24 percent to £380.4 million.
Additionally, earnings per share saw notable growth, with the basic measure rising 34 percent to 106.3 pence. Adjusted EPS followed the same trend, advancing 34 percent to 114.1 pence compared with the previous year.
