Appointment of Non-Executive Director

RNS Number : 1169A

Plus500 Limited

18 December 2014

 

18 December 2014

Plus500 Ltd.

("Plus500" or "the Company")

Appointment of Non-Executive Director

Paul Boyle OBE, Chief Audit Officer of Aviva plc & former executive of Financial Services Authority, joins Plus500

Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce the appointment of Mr. Paul Vincent Boyle OBE, aged 55, as Non-Executive Director of the Company and a member of the Board of Directors with effect from 1 January 2015. He will complement Alastair Gordon, Charles Fairbairn and Daniel King as UK-based non-executives of the Company.

Mr. Boyle is a Scottish Chartered Accountant with extensive experience of financial management in blue-chip companies as well as in high-profile public positions. He is currently Chief Audit Officer at Aviva plc, a position that he has held for the last four years, and, in August 2012, was appointed to the Group Executive Committee. Prior to this, Mr. Boyle was Chief Executive of the Financial Reporting Council (FRC), the UK's independent regulator responsible for promoting high quality corporate governance and reporting.

Mr. Boyle joined the FRC from the Financial Services Authority (FSA) where he held a number of positions, including Chief Operating Officer from June 2000 to May 2004. He was also a member of the Chairman's Committee and attended meetings of the Board of Directors of the FSA.

Prior to joining the FSA, Mr. Boyle held a number of senior financial management roles in several blue-chip companies including WH Smith plc and Cadbury Schweppes plc.

He began his career as a chartered accountant at Coopers & Lybrand.

Mr. Boyle has sat on several public advisory boards, and is currently a Member of the HM Government Internal Audit Quality Oversight Committee and the Council of the Chartered Institute of Internal Auditors. He was joint author of Making Corporate Reports Valuable and Future Shape of Financial Reports. He was awarded an OBE in the 2010 New Year Honours and Fellowship of the Institute of Internal Auditors (UK) in 2014.

Alastair Gordon, Chairman of Plus500, said: "We're delighted to welcome a non-executive of the calibre of Paul Boyle to the Board of Plus500. He will be of great value to the Company, and we look forward to benefitting from his guidance as we continue to grow our business."

There are no other matters required to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules.

Enquiries

Plus500
Elad Even-Chen, VP Business Development and Head of Investor Relations	[phone] [e-mail]
Liberum
Chris Bowman	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore, Nick Corrin	[phone]

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,100 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices and commodities. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Window, smartphones (iOS and Android) and tablets (iOS and Android)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into over 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

www.plus500.com

 

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