James Rutter, the Former Deputy Chief of Staff at IG Group,
announced his new role as the Commercial Lead at tastytrade today (Thursday). According to
Rutter’s LinkedIn profile, he started the new role, which entails driving
trastytrade’s expansion outside the US, six months ago.
During his tenure spanning over nine years at IG Group, Rutter
held various positions such as Equity and Volatility Derivatives Trader, Sales
Operations Manager, Head of Operations, Head of Business Development, and later
served as the Deputy Chief of Staff.
Source: LinkedIn
Last year, Tastyworks rebranded as tastytrade,
aligning with its affiliated financial network, Tastylive, under IG Group. This change, as reported by Finance Magnates, signified a shift
for the brokerage company. The firm offers options, futures, and crypto trading to
retail investors.
The transition from Tastyworks to tastytrade marked a
pivotal moment for the brokerage firm, which has been a prominent player in the
online trading space since its inception in 2017. tastytrade was acquired by IG
Group for $1 billion in June 2021.
IG Group and tastytrade
IG Group’s acquisition of tastytrade was aimed at
bolstering the group’s presence in the online trading and financial education sectors.
With a significant cash infusion and the issuance of new ordinary shares, IG
Group solidified its position in the market while integrating tastytrade’s
expertise and resources into its platform.
Meanwhile, IG Group’s Chief Financial Officer, Charlie
Rozes, and the Chief Operating Officer, Jon Noble, resigned. This development
happened alongside the disclosure of the broker’s third-quarter financial results for the fiscal year
2024, where a stagnation in revenue was notable.
Charlie Rozes, who joined IG in 2020 as the CFO, announced
that he was departing to explore other opportunities. Noble, a long-term
employee, also resigned from his position as the COO. While Rozes will
continue until July 31, 2024, for a smooth transition, Noble’s departure was
immediate, albeit with a brief transition period.
James Rutter, the Former Deputy Chief of Staff at IG Group,
announced his new role as the Commercial Lead at tastytrade today (Thursday). According to
Rutter’s LinkedIn profile, he started the new role, which entails driving
trastytrade’s expansion outside the US, six months ago.
During his tenure spanning over nine years at IG Group, Rutter
held various positions such as Equity and Volatility Derivatives Trader, Sales
Operations Manager, Head of Operations, Head of Business Development, and later
served as the Deputy Chief of Staff.
Source: LinkedIn
Last year, Tastyworks rebranded as tastytrade,
aligning with its affiliated financial network, Tastylive, under IG Group. This change, as reported by Finance Magnates, signified a shift
for the brokerage company. The firm offers options, futures, and crypto trading to
retail investors.
The transition from Tastyworks to tastytrade marked a
pivotal moment for the brokerage firm, which has been a prominent player in the
online trading space since its inception in 2017. tastytrade was acquired by IG
Group for $1 billion in June 2021.
IG Group and tastytrade
IG Group’s acquisition of tastytrade was aimed at
bolstering the group’s presence in the online trading and financial education sectors.
With a significant cash infusion and the issuance of new ordinary shares, IG
Group solidified its position in the market while integrating tastytrade’s
expertise and resources into its platform.
Meanwhile, IG Group’s Chief Financial Officer, Charlie
Rozes, and the Chief Operating Officer, Jon Noble, resigned. This development
happened alongside the disclosure of the broker’s third-quarter financial results for the fiscal year
2024, where a stagnation in revenue was notable.
Charlie Rozes, who joined IG in 2020 as the CFO, announced
that he was departing to explore other opportunities. Noble, a long-term
employee, also resigned from his position as the COO. While Rozes will
continue until July 31, 2024, for a smooth transition, Noble’s departure was
immediate, albeit with a brief transition period.