Shares betting group seeks first head of marketing

IG Group, the spread betting company which allows gamblers to make profits from speculating on the share market, is looking for its first head of marketing.

The role has been the responsibility of deputy chief executive Nat Le Roux, but the company’s growth over the past three years has led it to seek a full-time appointment.

The head of marketing will co-ordinate print and direct mail initiatives. Whoever is appointed to the position will also be responsible for literature and website content and be required to work with sales and product development teams.

IG Group chief executive Stuart Wheeler hit the headlines when he donated &£5m to the Conservative Party to fund its election campaign.

The company’s profits jumped from &£3.5m in 1998 to 1999 to &£10m in 1999 to 2000, on the back of its foreign exchange dealing and margin trading businesses – buying shares which are expected to go up in price. IG Group floated last July and is valued at &£250m.

A spokesman for IG Group says: “The company has grown over the past few years, culminating in the flotation. Business is strong in all areas. We want someone to develop our strengths.”

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