Forex 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.
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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, 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.”