London-listed IG Group (LON: IGG) continued to reshuffle its top management with the recent appointment of Matthew Davidson as the Chief Executive Officer of its Australia and New Zealand unit. Based in Melbourne, he has already taken over the new role.

Promoting a Long-Time Employee

The appointment came as an internal promotion, as Davidson has been working with the IG Group for the last 19 years.

According to his LinkedIn profile, Davidson joined the London offices of the brokerage giant in 2005 as a Graduate Sales Trader and climbed the corporate ladder to become a Futures and FX Quoting Dealer, Chief Futures Dealer, and Deputy Head of Futures and FX, all roles based out of London.

He was transferred from IG’s London office to Melbourne in November 2012 in the role of Head of Dealing for Australia. Later, he was promoted to Head of Clients for Australia and then the Commercial Director, the most recent role before his promotion to CEO of Australia and New Zealand.

IG Bolstering Global Presence

IG is headquartered and listed in London but has an extensive global presence. For its presence in the Asia-Pacific, the brokerage holds regulatory licenses in Australia and New Zealand. It additionally holds several other licenses in Singapore, South Africa, Dubai, Switzerland, and many more jurisdictions.

Davidson's promotion coincided with other key appointments within IG Group. Earlier this month, Eren Eraslan was named Head of Northern Europe at IG. Further, the Prime division of the brokerage group welcomed Andrew Wood, who previously worked at CMC Markets, as its new Institutional Sales Manager. Meanwhile, the broker reduced 10 percent of its workforce, including some executives, in an effort to cut costs.

Further, IG Group will get its new CEO later this month. The Group has already appointed Breon Corcoran, a former executive of online gambling platforms, as the Group CEO, who will assume the role on 29 January. Corcoran will be the permanent replacement for June Filiex who left the company last August due to health concerns.