IG Group picks head of financial marketing

IG Group, the spread-betting company, has promoted Julian Quance to head of financial marketing.

Quance was formerly IG’s literature manager, overseeing the publication of promotional material. He will report to deputy chief executive Nat Le Roux.

As head of financial marketing, he will be responsible for the development of the company’s financial spread-betting service, which allows gamblers to speculate on stock market trends. He will co-ordinate print, direct mail and website content and work with sales and product development teams.

The IG Group also has a sports spread-betting division, which this month acquired William Hill’s activities in this field for &£1.1m in cash. Marketing for the division is handled by Rob Juleff, head of sports marketing.

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

The company’s profits jumped from &£3.5m to &£10m in the financial year ending 2000. It floated in July last year and is valued at &£250m.

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