IG plans a Jersey-registered holding company, keeps its London listing and UK tax residence, and reports 18% first-half revenue growth. The update outlines restructuring, business unit changes and 2026 milestones.
IG Group Plans to Establish a New Holding Company in Jersey
IG Group Holdings plc announced on 8 July 2026 that it plans to establish a new group holding company incorporated in Jersey. The proposal remains subject to shareholder and regulatory approvals and is expected to be implemented through a court-approved scheme of arrangement. IG said the new structure is designed to provide the group with greater financial and strategic flexibility and to better reflect its international business footprint.
According to the announcement, around two-thirds of IG’s current revenue comes from outside the UK. After the proposed restructuring is completed, the group’s shares will remain listed on the London Stock Exchange, the group will continue to be UK tax resident, and its London operations, employee arrangements and existing operating bases will not change as a result of the restructuring.
(Source: IG Group,New holding company proposal and trading update, published: 2026-07-08, paragraph themes: new holding company, listing status, tax residence and London business arrangements.)
Restructuring Expected to Take Effect in Q4 2026
IG disclosed that shareholders will exchange their ordinary shares in IG Group Holdings plc for ordinary shares in the new holding company on a one-for-one basis under the scheme of arrangement. After the restructuring, IG Group Holdings plc will become a sub-group under the new holding company and will continue to act as the head of the group regulated by the UK Financial Conduct Authority.
Under the company’s timetable, the relevant shareholder circular is expected to be published in the third quarter of 2026. Subject to the necessary approvals, including approval from the UK Financial Conduct Authority and certain international financial regulators, the scheme of arrangement is expected to become effective in the fourth quarter of 2026.
IG Also Adjusts Its Organisational Structure
In addition to the new holding company proposal, IG also announced a refreshed organisational model. The group will combine its three regional commercial divisions — UK & Ireland, Europe, and Asia Pacific & Middle East — into a single commercial business unit led by Michael Healy, whose title will change to Chief Executive Officer of IG Consumer.
(Source: IG Group,New holding company proposal and trading update, published: 2026-07-08, paragraph themes: organisational model adjustment, consolidation of commercial units and management responsibilities.)
North America and Institutional Businesses to Remain Separate
The three regional commercial divisions of UK & Ireland, Europe, and Asia Pacific & Middle East will be combined into one commercial business unit.
Client-facing technology teams, operations teams, Independent Reserve and Freetrade will be included in the new business unit.
The North America business will continue to operate as a separate business unit, with Michael Vaughan continuing as Chief Executive Officer of IG North America.
The institutional business will continue to operate as a separate business unit, with Andy Biggs serving as Chief Executive Officer of IG Securities.
The organisational changes will take effect in the second half of 2026, while the reporting format and geographical disclosure basis for the first half of 2026 will remain unchanged.
The adjustment shows that IG is integrating parts of its regional retail operations into a more unified consumer business platform, while retaining separate operating structures for North America and the institutional business. For a cross-regional trading and investment platform, a unified commercial unit can help shorten product launch pathways and reduce duplicated management layers between regional teams.
First-Half 2026 Revenue Expected to Rise 18% Year on Year
In the trading update released on the same day, IG disclosed that, for the half year ended 30 June 2026, the group expects total revenue of approximately £643 million, representing growth of around 18% year on year; organic total revenue is expected to be approximately £624 million, representing growth of around 16% year on year. The company said the related figures will be presented in more detail in its half-year results to be published on 31 July 2026.
From a client metrics perspective, IG reported that first trades increased by around 107% on a reported basis and around 74% on an organic basis during the period; active clients increased by around 66% on a reported basis and around 13% on an organic basis. These indicators show growth across acquisition integration, new client conversion and expansion of the existing business.
(Source: IG Group,New holding company proposal and trading update, published: 2026-07-08, paragraph themes: first-half 2026 trading update, revenue growth, first trades and active client data.)
Full-Year Guidance Maintained at Previously Upgraded Level
The IG board said the group continued to perform well in the second quarter of 2026 and expects full-year results to be in line with market expectations. The board reiterated its 2026 guidance, namely that organic total revenue excluding Freetrade and Independent Reserve is expected to grow by 10% to 15% year on year from the 2025 base of around £1.1 billion, EBITDA margin is expected to remain in the mid-40s percentage range, and net interest income is expected to be £110 million to £120 million.
Regarding growth prospects beyond 2026, the IG board said the group remains confident of achieving a compound annual growth rate of at least 10% in organic total revenue from the 2025 base, while maintaining EBITDA margin in the mid-40s percentage range. A full strategic update is expected to be published in autumn 2026.
Key Timeline and Operating Data
| Date | Event | Key Data | News Significance |
|---|---|---|---|
| 2026-03-19 | IG announced the launch of a strategic review | Assessment of holding structure, listing venue and growth pathways | Provides the background for the subsequent holding company proposal and organisational adjustment |
| 2026-05-19 | IG upgraded its 2026 guidance | Organic total revenue growth target of 10% to 15% | Reflects that the group had already raised its annual growth expectations |
| 2026-06-30 | First-half 2026 reporting period ended | Expected total revenue of approximately £643 million | Half-year revenue increased by around 18% year on year |
| 2026-07-08 | IG proposed a new holding company in Jersey | Around two-thirds of revenue comes from outside the UK | The group said the new structure would enhance financial and strategic flexibility |
| Q3 2026 | Shareholder circular planned for publication | The circular will set out the timetable for the scheme of arrangement | Shareholder and regulatory approvals will be conditions for progressing the restructuring |
| Q4 2026 | Scheme of arrangement expected to become effective | Shareholders will receive ordinary shares in the new holding company on a one-for-one basis | IG Group Holdings plc will become a sub-group under the new holding company |
| Autumn 2026 | Full strategic update expected | The results of the strategic review will be disclosed | The market will focus on acquisitions, listing venue and business portfolio direction |
Strategic Review Remains Ongoing
IG said that, in addition to the new holding company and organisational model adjustments, the strategic review is still assessing other routes to enhance shareholder value, including accelerating growth through acquisitions, evaluating the group’s listing venue and exploring the possibility of combining parts of the group’s businesses with other industry participants.
This means that the new holding company proposal disclosed in July 2026 is not the entirety of the strategic review, but one of its interim measures. For the market, the focus of the subsequent strategic update will be whether IG further adjusts its listing structure, expands acquisition activity, or makes deeper changes to its multi-brand, multi-region business portfolio.
Impact of IG’s Adjustments on Its Business Layout
IG is a London-listed financial technology and trading platform group, with businesses covering leveraged trading, share trading, investment services and cryptoasset-related trading scenarios. The group’s brands include IG, tastytrade, Freetrade, Independent Reserve and IG Prime. Following this organisational adjustment, the boundaries between the consumer business, North America business and institutional business will become clearer.
(Source: IG Group,New holding company proposal and trading update, published: 2026-07-08, paragraph themes: group brands, client scale and business scope.)
Issues Investors Should Watch Next
Follow the shareholder circular in the third quarter of 2026 to confirm the implementation details, voting arrangements and effective conditions of the scheme of arrangement.
Follow the half-year results on 31 July 2026 to check the formal disclosures on revenue, client growth, margin and net interest income.
Follow the strategic update in autumn 2026 to assess whether the group will further involve acquisitions, listing venue evaluation or business portfolio adjustments.
Follow the progress of regulatory approvals, especially approval of the new holding structure by the UK Financial Conduct Authority and other international financial regulators.
Follow changes in operating efficiency after organisational integration, including resource allocation between the consumer business unit, North America business and institutional business.
Based on this announcement, IG’s adjustments involve capital structure, management structure and operating guidance at the same time. The new holding company proposal emphasises international business layout and financial flexibility, the organisational adjustment emphasises business efficiency, and the first-half trading update shows that the group maintained revenue growth in the first half of 2026. Together, these three pieces of information form an important observation window for IG’s current strategic shift.
Questions About IG’s Holding Structure Adjustment
Why does IG plan to establish a new holding company in Jersey?
IG said the new holding company will provide the group with greater financial and strategic flexibility and better reflect its international business footprint. Around two-thirds of the group’s current revenue comes from outside the UK.
Will IG’s share listing venue change as a result of the restructuring?
According to the announcement, IG shares will continue to be listed on the London Stock Exchange, and the group will also continue to be UK tax resident. Its London operations and employee arrangements will not be affected by the restructuring.
How will IG’s new organisational structure be adjusted?
IG will combine the three regional commercial divisions of UK & Ireland, Europe, and Asia Pacific & Middle East into a single commercial business unit led by Michael Healy. The North America and institutional businesses will continue to operate as separate business units.
How did IG’s revenue perform in the first half of 2026?
IG expects total revenue for the half year ended 30 June 2026 to be approximately £643 million, up around 18% year on year; organic total revenue is expected to be approximately £624 million, up around 16% year on year.
What important information will IG disclose next?
IG plans to publish its first-half results on 31 July 2026, release the shareholder circular in the third quarter of 2026, and publish a full strategic update in autumn 2026.
