IG Group announces acquisition of InvestYourWay
IG Group, announced that it has completed the acquisition of InvestYourWay as part of IG’s strategic aim of expanding its product offering. This will assist IG in delivering on its partnership with BlackRock to offer a range of ETF-based investment portfolios, as per its previous announcement in July.
InvestYourWay is an online investment manager that builds bespoke investment solutions. The technology developed by InvestYourWay will be integral to the delivery of the ETF-based investment portfolios.
Michael Newell, Founder and CEO of InvestYourWay, joins IG to drive forward its investments offering.
Ian Peacock, Head of IG UK, commented: “We’re delighted to have acquired such an innovative business as InvestYourWay and look forward to working alongside Michael in his new role at IG. We believe that by combining InvestYourWay’s innovative technology and IG’s world class platform and development expertise we’ll be able to build a truly best in class offering in the investments space in partnership with BlackRock.”
Source: IG Group
