IG Group, the largest retail brokerage firm, continues to strengthen its operations in Europe with the latest appointment of Tobias Stöhr, an experienced capital markets executive, to Head Sales at IG Europe GmbH, the company’s subsidiary in Germany.
Tobias Stöhr joins IG after three years of experience with Spectrum Markets, a securitized derivatives trading platform based in Frankfurt that is an independent unit of IG.
Before joining Spectrum in 2019, Tobias worked for over 11 years at stock exchange operator Börse Stuttgart, starting as a customer service manager before being promoted to sales manager senior level for institutional clients.
Mr. Stöhr will report to Eren Eraslan, another Spectrum Markets alumnus, who was recently appointed head of Germany at IG Europe GmbH.
Change in leadership at German brokerages
Despite IG’s significant presence, IG is not the only retail brokerage with operations in Germany making leadership changes.
Jens Chrzanowski recently left Admiral Markets, where he served as Regional Manager for Germany, Austria, Switzerland, and the Netherlands for 11 long years, to take on a new role as Head of XTB Germany. To fill the void created by Chrzanowski, Admiral Markets appointed Roman Krutyanskiy as managing director in Germany.
Growth at IG
Meanwhile, IG also cemented its leadership role with the hiring of Glen Hastings as director of institutional sales last month. The firm onboarded Robert van Eyden as South Africa’s CEO and promoted Ntombizodwa Jila to the chief compliance officer, along with a number of other key appointments in recent months.
The brokerage also continued to generate huge profits as it confirmed its operations in Year 22. Its revenue over the period increased 16%, with pre-tax profits of £77 million. The broker went on to launch a £150 million share buyback scheme to reduce the share capital.