(Reuters) – Financial trading platform IG Group Chairman Andy Green will step down in September after spending over five years in the role, the company said on Monday.
Green’s departure comes after IG, which provides online stockbroking and trading services, last year named June Felix as chief executive, replacing company veteran Peter Hetherington.
Online trading platforms have been hit as regulators in Europe and Britain tightened rules surrounding sale of complex financial products to retail clients to protect them from huge losses. That had caused a slump in IG’s quarterly net trading revenue, an update showed last month.
(Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier)