IG Group’s dream of opening a US subsidiary got a major boost this Tuesday after it received regulatory approval from the National Futures Association (NFA), a self-regulatory organisation that governs the American derivative market.
With Today’s approval from NFA, IG Group has received all regulatory approvals it applied for in last October. IG Group was signalling about opening up of US office over the past 12 months and now it is estimated that it would open in the middle of 2019 fiscal, that means in the next couple of months.
According to NFA’s release and IG has also previously announced, the US office will be located in Chicago on W Jackson Boulevard in the heart of the Windy City’s financial district. IG is working on to build its US team for some time now and has made all the hires it needs for US operation. At the senior management level, the US CEO positions will be handled by Rupert Osborne, formerly IG’s Deputy Head of FX and Futures.
IG Appoints Matthew Macklin as the firm’s Head of UK Operations
IG has also made an important hire in the UK region by appointing Matthew Macklin as the firm’s Head of UK operations. The information made public through his LinkedIn profile. Macklin has stepped down as Head of Europe from CMC Markets back in August where he was working since 2012.
Matthew Macklin’s return to IG Group marks the end of speculation about his next stint since he left CMC. Macklin started his career with IG in 2004, and worked for almost eight years, His first position at IG was as a Futures Dealer and in 2010, he was promoted to the Group Head of Sales Trading and again promoted after a period of one year as Group Head of Trading Services.