Directorate change: Chief Financial Officer
IG Group Holdings plc (“the Company” or “IG”), a global leader in online trading, today announces that Chris Hill, Chief Financial Officer, has informed the Board of his intention to leave IG to take up the role of Chief Financial Officer at Hargreaves Lansdown plc. It is anticipated that Chris will continue in his current role until the end of his notice period and leave IG in February 2016.
Andy Green, Chairman of IG, said:
“We are disappointed to lose Chris, but we understand his decision. Chris has provided great service to IG over the last four years and has played an important role as part of a leadership team that has set out a clear strategic vision for IG. I have no doubt that Chris will be an asset to his future employer and I wish him the very best of luck with his new role.
The Board will commence, with immediate effect, a thorough search and selection process for Chris’s successor, considering both internal and external candidates. In the meantime, Chris will continue in his current role to ensure we have an orderly handover of responsibilities.”
Chris Hill commented:
“I will be sorry to leave such a great business, but I am excited about the opportunity presented by Hargreaves Lansdown, an established FTSE 100 company. I know I will be leaving IG in robust health, with a talented leadership team and a range of initiatives which should drive growth into the future”.
IG is scheduled to release a trading update on 22 September 2015, but can confirm at this stage that the Company continues to trade in line with expectations.
For further information, please contact:
Head of Investor Relations 020 7573 0026
Ed Berry 020 3727 1046
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 an award-winning multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex, and it now offers an execution-only stockbroking service in the UK, Ireland, Germany, Austria and The Netherlands.
It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, the Middle East and the US, where it offers limited risk derivatives contracts via the Nadex brand.
*Based on revenue excluding FX, published financial statements, July 2014.