Breon_Corcoran

Breon Corcoran

Breon Corcoran

Irish businessman

Breon Thomas Corcoran (born July 1971) is an Irish businessman, the CEO of IG Group and a non-executive director of Tilney Investment Management Services and Bestinvest, both part of the Tilney Group. He was CEO of Paddy Power Betfair from February 2016 to January 2018 [1] and CEO of WorldRemit from October 2018 to August 2022.

Quick Facts Born, Education ...

Early life

Breon Thomas Corcoran was born in July 1971,[2] in Mullingar, Ireland in 1971.[3] He has a degree in Mathematics from Trinity College Dublin and an MBA from INSEAD.[1]

Career

He worked for JP Morgan and Bankers Trust, before joining bookmakers Paddy Power in April 2001 with responsibility for developing the non-retail business, becoming a board director in 2004, and rising to COO in August 2010. He joined Betfair as CEO in August 2012.[1] In September 2015 he then led the merger of Betfair with his former employer Paddy Power, for which the Sunday Times named him its 2015 Businessperson of the Year.[4]

In June 2015, Corcoran was appointed as a non-executive director of Tilney Group.[5]

In 2016, he sold part of his share package in Betfair for an estimated £4.1 million.[6]

In August 2017, Corcoran announced he was stepping down as CEO of Paddy Power Betfair,[7] he was succeeded in January 2018 by Peter Jackson.[8] In 2019 the business renamed itself as Flutter Entertainments.

In October 2018, Corcoran joined WorldRemit as their CEO.[9]

On 8 February 2021, British digital auction platform Auction Technology Group (ATG), chaired by Corcoran, announced plans to float in the London Stock Exchange in March 2021. The listing is expected to value ATG at £600 million, and the firm said it is hoping to raise £250 million through the IPO.[10]

In December 2023 the online trading/spreadbetting business IG Group announced that Corcoran was to become its next CEO, from January 2024.[11]

Personal life

Corcoran is married with three children and lives in Barnes, London.[3]

References

  1. [1]
    "Executive Profile | Breon Corcoran". Bloomberg. Retrieved 21 September 2018.
  2. [2]
    "Betfair Group plc". Companies House. Retrieved 30 November 2015.
  3. [3]
    Chris Blackhurst (6 March 2015). "Breon Corcoran: For the Betfair boss, a good Cheltenham is a safe bet". Evening Standard. Retrieved 17 June 2015.
  4. [4]
    "Sunday Times names Breon Corcoran its 2015 Businessperson of the year". Sunday Times. 27 December 2015.
  5. [5]
    "Tilney Bestinvest announces the appointment of John Tiner and Breon Corcoran as Non-Executive Directors". Tilney Group. 1 June 2015.
  6. [6]
    "Breon Corcoran's £4.1m share sale means the pints are on him this St. Paddy's". CalvinAyre.com. 16 March 2016. Retrieved 5 July 2016.
  7. [7]
    Dominic Coyle (7 August 2017). "Paddy Power shares hit as CEO Breon Corcoran steps down". The Irish Times.
  8. [8]
    Jon Yeomans; Bradley Gerrard (7 August 2017). "Paddy Power Betfair takes a punt on Worldpay boss as new CEO". The Daily Telegraph.
  9. [9]
    "WorldRemit brings in former Paddy Power boss as CEO". Sky News. 22 October 2018.
  10. [10]
    "ATG confirms plans to float in London next month". Evening Standard. 8 February 2021.
  11. [11]
    "IG Group announces former flutter boss as next CEO". Reuters. 8 December 2023.
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