IG Group Appoints John Fei as CEO in Greater China

IG Group, the global online trading platform, today announced the recruitment of John Fei as its new CEO for Greater China, to further develop its business in Mainland China, Hong Kong and Taiwan as part of its continued investment for growth. He will be based in Hong Kong and report to June Felix, CEO, IG Group. 

John will work closely with Maggie Yeung, IG's departing head of Greater China, over the next few weeks to ensure there is a comprehensive handover before Maggie leaves IG to join HSBC in December. 

John Fei is a senior banker in Hong Kong, having spent more than 25 years working with both Chinese and global brokerage firms. Most recently, he had served as CEO of Maybank's Kim Eng Securities Hong Kon, which offers a diversified investment products including stocks and CFDs products. Its London-based parent, Maybank Kim, offers full prime brokerage service to hedge funds, family offices, proprietary traders, and asset managers with managed account platforms.

Prior to this, he worked as the Head of Global Capital Markets for ICBC International and Managing Director of Zhong De Securities, a JV between Deutsche Bank and Shanxi Securities.

"John will focus on growing our Greater China business by continuing to develop further corporate and distribution partnerships which are a critical component to our long-term strategy, build IG's brand recognition in the Greater China region and further develop a strong local IG team," June Felix, CEO, IG Group.

Over the last 12 months, IG has strengthened its Asia presence by recruiting key people with strong local networks and expertise gained from working with banks, stockbrokers and hedge funds in order to build a more sustainable, diversified and global business. And IG expects to leverage its expertise as the broker is expanding its market share into other Asian countries amid a shake-up of its business to become a more diversified and global business.