IG Group’s Chairman selection process at advanced stage

Maria Nikolova

Andy Green will step down as IG’s Chairman at the conclusion of the company’s AGM today.

Online trading major IG Group Holdings plc (LON:IGG) has earlier today announced that its Chairman selection process is at advanced stage. The brokerage confirmed that Andy Green will step down as Chairman at the conclusion of the company’s AGM today.

A preferred candidate for the chairman’s role has been identified and the appointment is subject to securing relevant regulatory approvals. While the appointment process continues, Jonathan Moulds, an existing Non-Executive Director and Chairman of the Board Risk Committee, will be appointed as Interim Chairman immediately after the AGM.

Jonathan Moulds has held a number of senior leadership roles at major financial institutions spanning the UK, US and Asia. He has a strong financial markets background most recently at Barclays plc, where he was the Group Chief Operating Officer until 2016.

Jonathan Moulds is the Chairman of Litigation Capital Management Limited, an AIM-listed litigation finance company.

Prior to Barclays, he had a 20-year career with Bank of America and was Chief Executive Officer of Merrill Lynch International following the merger of the two institutions in 2008 with responsibility for Bank of America’s European businesses. He was a member of Bank of America’s Global Operating Committee. Jonathan Moulds has served widely on key industry associations including as Chairman of the International Swaps and Derivatives Association (ISDA) from 2004 until 2008, and as a director of the Association for Financial Markets in Europe (AFME). He remains a member of AFME’s Advisory Board. Jonathan Moulds was a member of the Capital Markets Senior Practitioners of the UK Financial Services Authority, and the Global Financial Markets Association.

Mr Moulds serves as Chairman of the IG Board Risk Committee and sits on the Remuneration Committee and Nomination Committee.

Additionally, the Board has agreed to appoint Malcolm Le May as Chairman of the Nomination Committee immediately following the AGM.

The Board has also continued its search for additional Non-Executive Directors. Following receipt of relevant regulatory approvals, the Board has today agreed to appoint Andrew Didham as an additional Non-Executive Director of the company. His appointment will also take effect at the Board meeting immediately following the AGM. He will then seek election by shareholders at the AGM in September 2020.

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