New Chairman Appointment

RNS Number : 4314W

IG Group Holdings plc

11 December 2019

 

IG Group Holdings plc

LEI No: 2138003A5Q1M7ANOUD76

11 December 2019

 New Chairman Appointment

The Board of IG Group Holdings plc ("IG", "the Group", "the Company"), a global leader in online trading, is pleased to announce the appointment of Robert Michael (Mike) McTighe as Chairman of the Board.  Jonathan Moulds will continue to serve as interim Chairman until 3 February 2020 when Mike McTighe's appointment takes effect. 

Interim Chairman Jonathan Moulds commented: "Mike brings impressive board and leadership experience in financial services and other regulated sectors, and we look forward to benefitting from his considerable stakeholder management skills." 

Also commenting on the appointment, Malcolm Le May, Senior Independent Director and Interim Chairman of the Nomination Committee, who led the search for the new Chairperson said: "Following the completion of our comprehensive selection and appointment process, I am delighted that Mike has agreed to join the Board and welcome Mike to IG as June and the executive execute on the strategy articulated at the investor day earlier this year".    

Mike said "I am very excited to be joining IG and look forward to leading the Board and supporting June Felix and the executive team as they continue to execute the Group's stated strategy."     

Other than as disclosed below, there is no further information to disclose for Mike McTighe in accordance with Listing Rule 9.6.13R. 

Mike McTighe - Biographical Details

Mike McTighe (age 66) brings to IG a wealth of leadership, board and regulatory experience from both public and private companies. Mike is the Chairman of Openreach Limited, Together Financial Services Limited, and Arran Isle Limited.

Mike spent most of his executive career at Cable and Wireless, Philips, Motorola, and GE. For over 20 years he has held various non-executive director roles in a range of regulated and unregulated industries whilst also spending eight years on the board of Ofcom and one year on the board of Postcomm. Mike has held a number of chairmanships over the years including chairing several public company boards.

Mike was a Director of WYG PLC until 21 September 2017 and of IGAS Energy PLC until 10 October 2019 

Mike has a BSc (Hons) Degree in Electrical and Electronic Engineering from University College London (UCL).

For further information, please contact:

IG Group

Liz Scorer                                           020 7573 0727

Jon Laycock                                        020 7573 0326

[e-mail]

FTI Consulting

Neil Doyle / Ed Berry                           020 3727 1141 / 1046

About IG

IG empowers informed, decisive, adventurous people to access opportunities in over 16,000 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 provide the world's best trading experience. 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 stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which 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, June 2019).

 

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