GAIN Capital (NYSE:GCAP) has just made an appointment to its senior management team, picking IG Groupe’s long-serving UK director Alastair Hine to the role of Chief Operating Officer effective November 6, according to a company statement.
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Mr. Hine has been a mainstay at IG Group for nearly two decades, having joined the group back in 1999 as a futures trader, but quickly moved into IT as the spread betting firm moved its trading processes onto electronic platforms. He rose through the ranks to occupy several key positions including Chief Information Officer, Chief Marketing Officer and, and most recently, Chief Innovation Officer.
Commenting on his appointment, Hine said: “GAIN’s progress over the last few years scaling their business and establishing their position as a global leader in online trading is impressive, and I look forward to working with Glenn and the rest of GAIN’s leadership team as we embark on the next phase of the company’s growth.”
Glenn Stevens, CEO of GAIN Capital, added: “Alastair’s combination of industry savvy, deep operational experience and understanding of our customers’ needs make him a valuable addition to the GAIN leadership team,” said. “He will be instrumental in helping the Company execute on our long-term growth plans.”