IG Group (LON: IGG) has axed Robert van Eyden from the position of its South Africa Chief Government Officer as part of its drive to scale back to 10 p.c of the workforce, the London-headquartered brokerage confirmed to Finance Magnates.
Aphindile AB Bokleni, the Chief Working Officer on the South African arm of IG, has changed van Eyden to change into the CEO of IG Markets SA. Bokleni will proceed along with his tasks because the COO.
“Robert is now not with the enterprise. Aphindile will likely be selecting up Robert’s tasks in South Africa alongside his present remit,” an IG spokesperson informed Finance Magnates.
Established in 1974, IG is likely one of the oldest and largest retail brokers providing buying and selling providers with foreign exchange, contracts for variations (CFDs), unfold betting, and different devices. It’s moreover one of many only a few listed FX and CFDs brokers.
On the finish of October, the brokerage revealed its plans to cut back its headcount by about 300, which quantities to 10 p.c of its whole workforce on the finish of the fiscal yr 2023. The transfer got here because of its overview of cost-efficiency alternatives because it goals to save lots of £50 million per yr.
Administration Reshuffle
van Eyden joined IG because the CEO for South Africa in mid-2022. He caused three a long time of expertise to the position, which ranges from tutorial to government positions in prime monetary service manufacturers.
Bokleni, the substitute for van Eyden, grew to become part of IG South Africa in 2015. He began within the position of Buying and selling Providers after which grew to become the Consumer Operations Supervisor at IG India, in response to his LinkedIn profile. He returned to the Buying and selling Providers Administration Staff of IG South Africa in February 2019 and was promoted to the COO of IG South Africa in July 2020.
In the meantime, June Felix stepped down because the CEO of IG Group final August, citing well being points. She was changed by Charlie Rozes, the Chief Monetary Officer, briefly, because the dealer is in search of a everlasting CEO.
IG Group (LON: IGG) has axed Robert van Eyden from the position of its South Africa Chief Government Officer as part of its drive to scale back to 10 p.c of the workforce, the London-headquartered brokerage confirmed to Finance Magnates.
Aphindile AB Bokleni, the Chief Working Officer on the South African arm of IG, has changed van Eyden to change into the CEO of IG Markets SA. Bokleni will proceed along with his tasks because the COO.
“Robert is now not with the enterprise. Aphindile will likely be selecting up Robert’s tasks in South Africa alongside his present remit,” an IG spokesperson informed Finance Magnates.
Established in 1974, IG is likely one of the oldest and largest retail brokers providing buying and selling providers with foreign exchange, contracts for variations (CFDs), unfold betting, and different devices. It’s moreover one of many only a few listed FX and CFDs brokers.
On the finish of October, the brokerage revealed its plans to cut back its headcount by about 300, which quantities to 10 p.c of its whole workforce on the finish of the fiscal yr 2023. The transfer got here because of its overview of cost-efficiency alternatives because it goals to save lots of £50 million per yr.
Administration Reshuffle
van Eyden joined IG because the CEO for South Africa in mid-2022. He caused three a long time of expertise to the position, which ranges from tutorial to government positions in prime monetary service manufacturers.
Bokleni, the substitute for van Eyden, grew to become part of IG South Africa in 2015. He began within the position of Buying and selling Providers after which grew to become the Consumer Operations Supervisor at IG India, in response to his LinkedIn profile. He returned to the Buying and selling Providers Administration Staff of IG South Africa in February 2019 and was promoted to the COO of IG South Africa in July 2020.
In the meantime, June Felix stepped down because the CEO of IG Group final August, citing well being points. She was changed by Charlie Rozes, the Chief Monetary Officer, briefly, because the dealer is in search of a everlasting CEO.
