Sam Tymms to step down as IG Group’s non-executive director

Maria Nikolova

Ms Tymms is set to leave her role as a Non-Executive Director of the Company following the Board meeting on March 20, 2019.

Online trading major IG Group Holdings plc (LON:IGG) has just unveiled some changes within its top ranks.

The broker says it has today received notice from Sam Tymms of her intention to step down from her role as a Non-Executive Director of the Company following the Board meeting on 20 March, 2019 to pursue other interests.

Sam Tymms

Sam Tymms has extensive experience in the regulatory field and detailed knowledge of risk and compliance matters, from her time with the London Stock Exchange and Financial Services Authority.

She started her career at the London Stock Exchange’s Surveillance Division, which over time became the Securities and Futures Authority and eventually the Financial Services Authority. During that time, she held a range of supervisory roles and worked for two years in the Investigations and Enforcement Division. As a supervisor, she ran departments overseeing global investment firms, retail and investment banks and major insurance groups.

Andy Green, Chairman of IG Group, on behalf of the Board, extended his thanks to Sam Tymms for her contribution to the Board and as Chairman of the Board Risk Committee during her tenure of almost 6 years and wished her every success for the future.

Jonathan Moulds, a Non-Executive Director of the Company will be appointed as Chairman of the Board Risk Committee, to replace Sam Tymms upon her resignation from the Board.

Jonathan Moulds is an existing member of the Committee and has comprehensive leadership and risk experience having served as Group Chief Operating Officer at Barclays plc and Chief Executive Officer of Merrill Lynch International. He has broad regulatory and pan-industry knowledge having been chairman of the International Swaps and Derivatives Association (ISDA) and as a serving Advisory Board member of the Association for Financial Markets in Europe (AFME).

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales.