Robert van Eyden Joins IG Markets South Africa as CEO

South African IG Markets Robert J. van Eyden is named the new CEO
Robert J. van Eyden has been named as the new CEO of IG Markets South Africa (IGMSA), a division of the IG Group. He joins the position with almost thirty years of expertise in the banking sector. Van Eyden started his professional life in academia before moving on to corporate positions.
Van Eyden came to IG from FNB South Africa, where he spent the previous five years in the dual roles of CEO and Chairman. Before that, he served as the CEO of Africa Group Stockbrokers and Portfolio Management for three years at Barclays Wealth Management. He began working as a lecturer at the University of Pretoria in July 1989. Subsequently, he joined Nick Fredericks Britz & Company as a Fixed Income Analyst and afterwards joined Rand Merchant Bank as a Quantitative Research Analyst. In addition, he spent more than 12 years working in a variety of capacities at Standard Bank Group, where he ultimately left as the Global Head of Research. The CEO of TBS Securities is one of his other company positions.
One of the biggest retail brokers, IG, said that its net trading income increased by 16% to £972.3 million in the fiscal year 2022. In addition, the broker made £477 million in pre-tax profit. Concurrently, the company initiated a £150 million share repurchase programme, which it intends to conclude by the conclusion of the present fiscal year.