Directorate Change

RNS Number : 5944F

IG Group Holdings plc

30 October 2018

 

30 October 2018

LEI No 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Directorate Change

IG Group Holdings plc ("IG", "the Group" or "the Company"), a global leader in online trading, is pleased to announce the appointment of June Felix as Chief Executive Officer ('CEO') of the Group and as an executive director on the Board of IG with immediate effect.

Until the recent sale of Verifone Inc., June was President of Verifone Europe and Russia with responsibility for the operation of the business throughout those territories.  Prior to her role at Verifone, June held various executive management positions at a number of large multi-national businesses. These include Citibank where she was Managing Director of Global Healthcare Citi Enterprise Payments, and IBM Corporation where she was Global General Manager for the global Banking and Financial Markets industry sector.  June has also worked as a strategy consultant at Booz, Allen & Hamilton, in strategy roles at Chase Manhattan Bank, and as CEO of Certco, a risk management technology firm.

June has also served as a non-executive director of the Group since September 2015.

June was selected as CEO following an extensive succession planning process that assessed external and internal candidates supported by Russell Reynolds and Korn Ferry.

Andy Green, Chairman of IG, said:

"The Board is delighted to appoint June Felix as CEO of the Group.  She brings to the role over 25 years' experience in both the finance and digital technology sectors, and she has a deep understanding of our business.

"June has a strong track record in strategy and product innovation and has successfully developed businesses of varying scales in the USA, Asia and Europe.  Her broad experience makes her ideally suited to take IG forward."

June Felix commented:

"I am honoured to be asked to lead a business with such tremendous people and technology and with such a strong client centric culture.  The Group's business is well positioned to continue to successfully navigate the impact of regulatory change and I am excited about working closely with the highly experienced executive team at IG in the continued delivery of that programme.

"Drawing on my experience of financial services firms globally, I look forward to leading the evolution of the Group's strategy to deliver sustainable growth and attractive shareholder returns."

There are no required disclosures under Listing Rule 9.6.13.

Further information

IG Group                                                                                                                    FTI Consulting

Liz Scorer                                                    Ramon Kaur                                      

Head of Investor Relations                      Head of Public Affairs                          Neil Doyle

020 7573 0727                                           020 7573 0060                                     020 3727 1141

[e-mail]                                      [e-mail]                                      [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 17 of the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

About IG

IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to be a global leader in retail trading and investments. Established in 1974 as the world's first financial derivatives firm, it continued leading the way by launching the world's first online and iPhone trading services.

IG is an award-winning, multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees, and offers an execution-only share dealing service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.

It is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and the US, where it offers on-exchange limited risk derivatives via the Nadex brand.

*Based on revenue excluding FX (from published financial statements, February 2018).

Notes to Editors

Remuneration and reward structure

June Felix will receive a basic salary of £600,000.  She will be eligible to participate in IG's single incentive plan for Executive Directors known as the Sustained Performance Plan ('SPP') in accordance with the Company's remuneration policy.  For details of the SPP please see the Company's Annual Report which can be found on the Group's website: www.iggroup.com

 

END

 

 

BOABCBDGLBDBGIC