IG Group Appoints GAIN’s Thomas Leyhane as Head of Compliance - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

IG Group

IG Group Appoints GAIN’s Thomas Leyhane as Head of Compliance

February 28, 2018

UK-based spread betting firm, IG Group has made a senior level appointment to its compliance unit, by picking GAIN Capital’s EMEA Head of Compliance Thomas Leyhane. Thomas will assume the same role with IG Group.

Thomas will be looking after group’s compliance team spread across Europe, Middle-East, Africa (EMEA) regions, ensuring regulatory adherence, regulations that the firm is bound by. Given the evolving nature of business conditions and regulatory conditions, it is a greater challenge than ever before.

Mr Thomas is the perfect suit for this profile for IG Group as he has extensive experience in handling regulatory and compliance issues. Mr Thomas has served GAIN Capital, the biggest FX Retail broker in the US for more than 2 years, starting back in September 2015. Before that, he was working with UK financial regulator in the position of Lead Supervisor of Investment Banking division.

Lately, IG Group is aggressively scaling up its global operation with series of top-level management changes. In November last year, its long-serving UK director Alastair Hine announced his retirement after serving for nearly two decades at the firm. Earlier in July, the firm appointed Paul Mainwaring ‎as Chief ‎Financial Officer (CFO) replacing Mark Ward. The group has also appointed Mr Rupert Simon Toby ‎‎Osbourne as CEO for its newly established subsidiary in the US.

Nicholas Lee and former CEO Frank Chapman makes their exit from LCG Holdings

London Capital Group (LCG Holding) following approval from shareholders to delist from London Stock Exchange, the company witnessed two major exits. Nicholas Lee and former CEO Frank Chapman are making their exit from the company from the roles as independent non-executive directors after a long duration in the company.

Frank has been with the company since 2003, initially joining its Board and later on was given the responsibility of Chief Executive Officer in 2004, the position he remained in until his retirement in April 2010. Post-retirement, he became the non-independent non-executive director. Frank is an experienced industry veteran with his career spanning over three decades holding several senior-level positions at London Investment Trust, Baring Securities, Deutsche Morgan Grenfell and Amerex Petroleum. He is currently chairman of Oxygen Finance Ltd.

Nicholas Lee, who also made his exit from the company, ending over three years of association was originally appointed as a non-executive director of the company back in December 2014. Mr Lee is a seasoned investment banker and has over 25 years of experience in this industry and currently holds the role of executive chairman of AIM-listed Paternoster Resources plc.

The company in a statement explained its decision to cancel the listing was a result of admission to NEX Growth Market and want to reduce the operational complexity and cost involved in maintaining the listing in AIM and also the major concern was the limited liquidity in the counter.

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