The long-time industry veteran has been with the London-headquartered brokerage since 2013.
IG Group has promoted its CEO in Australia, Kevin Algeo to Head of Asia Pacific and Africa. The long-time industry veteran has been with the London-headquartered brokerage since 2013.
Algeo started his tenure at IG Group as a Managing Director in South Africa. After spending almost four years in that position, he moved to Australia in February last year.
Starting as Deputy CEO in Melbourne, Algeo got promoted to CEO in June last year. A recent update on his LinkedIn profile shows that his official title is now Head of Asia Pacific and Africa.
Different Subsidiaries
IG Group has been handling different clients across the globe via different regional entities. The company’s core London office used to be the home for global users in most of the cases.
The recent regulatory changes have prompted many companies to rethink their policy when it comes to opening client accounts outside of the EU. The obvious choice for IG Group has been the broker’s Australian office.
The regulatory license issued by the Australian Securities and Investments Commission (ASIC) permits the company to offer higher Leverage to its clients in Asia Pacific and from across the globe.
While traditionally FCA-regulated brokers have been onboarding clients from Africa to their UK entities, the evolution of the market has prompted firms to take a different approach.
The global regulatory environment for retail traders is rapidly changing. While initially traders in the EU have been heavily hit by the new regulations, many brokers opened subsidiaries in offshore jurisdictions.
On-boarding of EU clients to an offshore entity is somewhat of a gray area, which many brokers took advantage of. For retail brokers, the lack of regulatory restrictions meant a green light.
Opportunities for a regulatory arbitrage across financial markets have been traditionally short-lived. A fresh reminder of what could come next brings me back to 2014.
At the time, the Japanese financial regulator JFSA sent a request to ASIC to prohibit local brokers to take on Japanese clients.
The new Head of IG Group's Asia Pacific and Africa unit will be based in Melbourne.
IG Group has promoted its CEO in Australia, Kevin Algeo to Head of Asia Pacific and Africa. The long-time industry veteran has been with the London-headquartered brokerage since 2013.
Algeo started his tenure at IG Group as a Managing Director in South Africa. After spending almost four years in that position, he moved to Australia in February last year.
Starting as Deputy CEO in Melbourne, Algeo got promoted to CEO in June last year. A recent update on his LinkedIn profile shows that his official title is now Head of Asia Pacific and Africa.
Different Subsidiaries
IG Group has been handling different clients across the globe via different regional entities. The company’s core London office used to be the home for global users in most of the cases.
The recent regulatory changes have prompted many companies to rethink their policy when it comes to opening client accounts outside of the EU. The obvious choice for IG Group has been the broker’s Australian office.
The regulatory license issued by the Australian Securities and Investments Commission (ASIC) permits the company to offer higher Leverage to its clients in Asia Pacific and from across the globe.
While traditionally FCA-regulated brokers have been onboarding clients from Africa to their UK entities, the evolution of the market has prompted firms to take a different approach.
The global regulatory environment for retail traders is rapidly changing. While initially traders in the EU have been heavily hit by the new regulations, many brokers opened subsidiaries in offshore jurisdictions.
On-boarding of EU clients to an offshore entity is somewhat of a gray area, which many brokers took advantage of. For retail brokers, the lack of regulatory restrictions meant a green light.
Opportunities for a regulatory arbitrage across financial markets have been traditionally short-lived. A fresh reminder of what could come next brings me back to 2014.
At the time, the Japanese financial regulator JFSA sent a request to ASIC to prohibit local brokers to take on Japanese clients.
Paxos Appoints Former CFTC Chairman J. Christopher Giancarlo to Board
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa