IG Group, Europe’s largest online trading platform, has elevated its longtime executive Adam Blemings to the role of its Head of Trading with immediate effect.
Blemings has been a mainstay at IG Group for nearly 14 years, having originally joined the UK spared better as a Futures Dealer back in 2006. For the bulk of his time at IG, he worked in Futures and FX roles, where he oversaw booming demand from retail and professional investors for the group’s CFDs products.
His promotion, however, comes at a time when the company grapples with a sector-wide regulatory crackdown, prompting dramatic swings in IG’s share price and, recently, hurting its revenues.
This was a key reason for elevating Blemings to an expanded role as IG opted for an experienced and steady hand to foster its scope and penetration into existing and emerging markets.
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Since then, Blemings was promoted to the role of Head of Dealing for Australia back in 2010 and served most recently as Head of Futures and FX, which saw the expansion of his day-to-day responsibilities and oversight.
IG to offset the impact with management changes
Blemings‘ ascension to the role of Head of Trading represents his fifth promotion at IG Group, but he continues to work be based out of the broker’s London office.
IG, Britain’s biggest player in spread betting sector with a 40 percent share of the market, has undergone several management changes over the last few months.
In April, its long-serving Chairman Andy Green said he would step down in September after spending over five years in the role. Earlier in October 2018, the company appointed June Felix, who has been a non-executive director of IG since September 2015, to become its first ever female CEO.