Appointment of Chairman Designate

RNS Number : 1912J

IG Group Holdings plc

09 June 2014

 

09 June 2014

Appointment of Chairman Designate

IG Group Holdings Plc (the "Company", "IG" or "IG Group"), a global leader in online trading, today announces that Andy Green will join the IG Board as Deputy Chairman with immediate effect and will succeed Jonathan Davie as Chairman when, as previously announced, he steps down at the AGM on 16 October 2014.  Andy was Group Chief Executive of Logica Plc until its acquisition in 2012 and is currently a non-executive director of ARM Holdings Plc.

Jonathan Davie, chairman of IG, said, "It has been a very positive and rewarding period for shareholders since our IPO in 2005.  During the past nine years the company has grown its revenues by over 600% and its EBITDA by over 700%, whilst developing a truly global footprint.  As we look forward to the future I am delighted that we have attracted someone of Andy's calibre to chair our Board.  Andy brings a wealth of corporate experience and in-depth knowledge of leading-edge technology and marketing companies."

Andy Green said, "I am extremely pleased to be joining IG.  This is a very exciting time for the company, as it seeks to establish itself as the default choice for active traders."

For further information, please contact:

IG Group

Kieran McKinney             Head of Investor Relations          020 7573 0026

FTI Consulting

Neil Doyle / Ed Berry     020 3727 1141 / 1046

Notes to Editors:

Andy has a BSc in Chemical Engineering from the University of Leeds.  He served as Group Chief Executive of Logica Plc from 2008 until 2012, when it was acquired by CGI.  Prior to this he was a member of the Board of BT Group Plc, where he held several senior roles, most latterly CEO of Group Strategy and Operations.  Andy holds a number of other roles including chairing npGroup UK and DockOn AG. He advises the UK Department for Business, Innovation and Skills (BIS) as co-chairman of the Space Leadership Council and a member of the Information Economy Council.

There is no further information to be disclosed pursuant to Listing Rule 9.6.13

IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries.

Established in 1974 as the world's first financial spread betting firm, IG's aim is to become the default choice for active traders globally.  It is already an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex, and will be launching its new execution-only stockbroking service in late 2014.

It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific and the US, where it offers limited risk derivatives contracts via the Nadex brand.

*Based on revenue excluding FX, published financial statements, August 2013.

 

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