RNS Number: 3279L
IG Group Holdings plc
05 May 2010
IG Group is pleased to announce the appointment of Lord (David) Currie as a non-executive director of the Company with effect from 4 May 2010.
David Currie was the founding Chairman of Ofcom where he served from 2002 to 2009. He was also previously a non-executive director of Abbey National plc (2001 – 2002); a founder and Chairman of the International Centre of Financial Regulation, an influential global think-tank for regulators in the US, Europe and Asia (2007 to present); and Chairman of Independent Audit from 2003 until 2007. Between 2001 and 2007 Lord Currie was the Dean of Cass Business School, and between 1988 and 2000 he was at the London Business School, where he was Deputy Dean, Professor of Economics, and headed the Centre for Economic Forecasting and the Regulation Initiative. He is currently a non-executive director of Royal Mail Holdings plc; non-executive director of Dubai Financial Services Authority; Chairman of Semperium PPP Investment Partners and non-executive director of the London Philharmonic Orchestra. Lord Currie will serve on the Company’s Audit Committee, Remuneration Committee and Nomination Committee.
As previously announced, Sir Alan Budd will be stepping down from the board of the Company with effect from today.
Jonathan Davie, Chairman of IG Group, commenting on these changes said, "Over the last five years, the board has benefitted greatly from Sir Alan Budd’s experience and contributions. We will miss his wise counsel. [However,] I am delighted to welcome David Currie to the board of the Company. He has extensive experience and I am sure we will benefit from his expertise as we continue to develop our business. As previously indicated, the board remains committed to becoming more compliant with the Combined Code by appointing an additional independent non-executive director. A search is underway and we will provide a further update in due course."
There is no other information required to be disclosed under Listing Rule 9.6.13R.