New Chairman Update

RNS Number : 6424B

IG Group Holdings plc

03 February 2020

 

IG Group Holdings plc

LEI No: 2138003A5Q1M7ANOUD76

3 February 2020

New Chairman Update and Changes in Committee Membership 

As previously announced, IG Group Holdings Plc (the "Company"), a global leader in online trading, confirms that Robert Michael (Mike) McTighe commences his role as Chairman of the Company today.  Additionally, the Board of the Company has agreed to appoint Mike McTighe as Chairman of the Nomination Committee and as a member of the Remuneration Committee with immediate effect.   

Jonathan Moulds, who has been acting as Interim Chairman of the Company since the AGM in September 2019, steps down as Interim Chairman with immediate effect and continues as a Non-Executive Director of the Company and Chairman of the Board Risk Committee.  Malcolm Le May, Senior Independent Director, said: "I wish to thank Jonathan for fulfilling the role of Interim Chairman of the Company during this period, a role which he has executed with considerable skill and professionalism."    

This announcement is made in accordance with Listing Rule 9.6.11R.   

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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