IG Group Holdings plc, a retail brokerage powerhouse, announced on Tuesday that it has appointed June Felix as its Chief Executive Officer. She joins the firm as an executive director on the firm’s board with immediate effect.

Felix is replacing Peter Hetherington as CEO, who stepped down from the top position in September of this year, as Finance Magnates reported.

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Most recently, Felix was the President of Verifone Europe and Russia. Here she was responsible for the operation of the business in these territories. Before this, she held a number of executive management positions at large multinational companies, such as Citibank and IBM Corporation.

This is not Felix’s first time as a CEO. In fact, from 2000 until 2002 she was the CEO of Certco, a risk management technology firm. In this position, she focused on the risk management of high-value trading.

Commenting on the appointment, Andy Green, the Chairman of IG, said: “the Board is delighted to appoint June Felix as CEO of the Group. She brings to the role over 25 years’ experience in both the finance and digital technology sectors, and she has a deep understanding of our business.

“June has a strong track record in strategy and product innovation and has successfully developed businesses of varying scales in the USA, Asia and Europe. Her broad experience makes her ideally suited to take IG forward.”

More recently in her career, at Citibank, Felix was Managing Director of Global Healthcare Citi Enterprise Payments. While at IBM, she was the Global General Manager for the Global Banking and Financial Markets industry sector. During her career, Felix has also worked in strategy-based roles. This saw her working for Booz, Allen & Hamilton, a management consulting firm and Chase Manhattan Bank.

June Felix selected after an extensive succession planning process at IG Group

Since September 2015, Felix has served as a non-executive director at Citi. According to the statement, she was selected as the CEO of IG Group following an extensive succession planning process. During this process, both internal and external candidates were considered.

Speaking on her new role, Felix added: “I am honoured to be asked to lead a business with such tremendous people and technology and with such a strong client centric culture. The Group’s business is well positioned to continue to successfully navigate the impact of regulatory change and I am excited about working closely with the highly experienced executive team at IG in the continued delivery of that programme.”