2013 represented a year of making hay whilst the sun shone for IG Group, which utilized the strong performance experienced across its entire operations to plan its future development. One such facet was the company’s revelation in its interim report released on January 14, that it was in the advanced stages of establishing an office in Switzerland.
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Although not yet fully functional, the company has demonstrated this week that it has made significant progress toward the establishment of an office in Switzerland, by appointing Fouad Bajjali as CEO for the region.
In order to operate as an FX company in Switzerland, an office must be fully established and contain the appropriate key members of staff prior to being granted regulatory approval by national regulator FINMA, therefore with Mr. Bajjali having assumed this position it demonstrates that the company had indeed concrete plans to go ahead.
Mr. Bajjali has spent 8 years at IG Group in various senior positions globally, having joined in 2006 from Allegro Capital.