By Staff Writer
IG Group executive Tomoharu Furuichi has stepped down from his role as Representative Director and CEO of IG Japan, departing at the end of January after close to seven years leading the broker’s Tokyo-based business.
Furuichi joined IG in 2019 and has been at the centre of the company’s push in Japan’s retail trading market.
In a LinkedIn message announcing his exit, he said the journey was “exciting and rewarding,” adding that IG Japan has grown several times over during his tenure and has become the largest foreign-branded retail broker in Japan within the OTC derivatives segment.
“IG Japan has become several times bigger than it used to be. It has become the largest foreign-branded retail broker in Japan, despite operating in a smaller segment, OTC derivatives. I have given all I could, and time has come for a new leader,” wrote the former IG Japan CEO.
He brings a mixed background spanning both finance and consumer brands. Furuichi holds an MBA from the University of Chicago and a law degree from the University of Tokyo, and has previously worked at consulting firms McKinsey and AlixPartners.
He also held senior roles in Japan’s consumer sector, including serving as CEO of GILT Groupe K.K., an online luxury retail company with around 130 employees.
During his roughly 18 months in the role, he led a transformation programme spanning strategy, organisation, and operations, which he said helped drive profitability and revenue growth. He later left after the parent company sold the business.
Furuichi’s departure is the second significant leadership move for IG in Asia in recent months. Late last year, the London-based group appointed former Moomoo CEO Gavin Chia as CEO of IG Singapore, following the exit of the firm’s previous Singapore head, Sebastian Jones.
Looking ahead, Furuichi said he was appointed as a non-executive director at Japanese HR tech company Kaonavi in October, describing it as a new challenge that shifts him from an operational leadership role to a part-time board position.
