IG Group Reports Growth in Q3 FY24 Revenue Amid Departure of CFO and COO

Global CFDs & FX broker IG Group updated its revenue data for the three months to 29 February 2024 (Q3 FY24), with steady growth on both a quarterly and yearly basis recorded.

IG’s total revenue for Q3 FY24 amounted to £240.1 million, growing from £229.7 million in Q2 FY24 and £239.3 million in Q3 FY23. Interest income was £35.2 million, of which £19.1 million was from the U.S. region.

Active clients for the period registered a rise from 263,600 in the previous quarter, totaling 266,800. Ending client assets reached a record £10.1 billion.

In the first half of FY24, IG’s total revenue was £472.6 million, 9% lower than £519.1 million in H1 FY23.

At the same time, IG Group announced the departure of its Chief Financial Officer (CFO) Charlie Rozes and Chief Operating Officer (COO) Jon Noble.

Charlie Rozes, who served as IG’s CFO from June 2020, will resign from the role of CFO and Executive Director, effective 31 July 2024.

Jon Noble, who has been with the group for over 24 years, will leave the company immediately but remain for a short period to ensure an orderly transition.

“Charlie and Jon have made a huge contribution to IG’s successful development and growth. I wish them every success in their next chapters,” stated CEO Breon Corcoran.

As reported earlier, IG’s Global Head of Marketing Partnerships Aneira Henery-Morley resigned.