IG Regulatory News (IGG)

IG Group Holdings PLC 14 June 2019

LEI No: 2138003A5Q1M7ANOUD76

IG Group Holdings PLC

Executive Director Change of Role

The Board of IG Group Holdings plc (the "Company"), a global leader in online trading,  today announces a change to the role, function and responsibilities of Jon Noble, an Executive Director of the Company since 1 June 2018.

June Felix, Chief Executive Officer, has undertaken an enterprise wide organisational review to support the delivery of IG's strategy which was announced to the market on 22 May 2019, and is making a number of changes to the organisation structure and the Group's Executive Committee.

As part of these changes, Jon Noble, previously Chief Information Officer, is appointed as Chief Operating Officer of the Company with immediate effect, with responsibility for Trading and Operations, and Business Change. He will continue to serve as an Executive Director in his new role. The Group's existing Chief Technology Officer will take on responsibility for Information Technology, and will join the Executive Committee.

Bridget Messer, Chief Commercial Officer, and Paul Mainwaring, Chief Financial Officer, will continue to serve as Executive Directors in their current roles.

Commenting on Jon Noble's change of role, June Felix, CEO said:

"Jon has all the skills needed to excel in this new role which has been created to help drive the delivery of our newly announced strategy. I look forward to continuing to work together to further our strategic aims."

Additional biographical details, including details of Jon Noble's main responsibilities as Chief Operating Officer, are set out below.

There is no further information to disclose in accordance with Listing Rule 9.6.11R.

Biographical details

Jon Noble was appointed Chief Operating Officer on 14 June 2019 with responsibility for Trading and Operations. Jon will also lead the Business Change office and will chair a number of the Company's management committees including the workforce related People Forum and the committee established to deliver upon and monitor performance against the significant opportunities agreed as part of the Board strategic review.

Jon first joined IG in 2000 as a trainee dealer rising to Dealing Director in 2007. In 2010, Jon became Dealing and Operations Director and in 2012 was appointed Chief Information Officer. In 2015, Jon was appointed as head of IG's Delivery Pillar. He was appointed to the Board as Chief Information Officer on 1 June 2018.

As Chief Information Officer Jon had responsibility for setting and delivering the Group's IT strategy, delivery of all programmes of work and for keeping the production environment stable and secure. He was responsible for IG's IT Systems, including its client interface systems.

Jon graduated from Durham University with a degree in Economics, obtained an Executive MBA from London Business School in 2007 and has been a member of IG's Executive Committee since 2012.

For further information, please contact:

IG Group

Liz Scorer 020 7573 0026 / 0727 investors@iggroup.com 

FTI Consulting

Neil Doyle / Ed Berry 020 3727 1141 / 1046

About IG

IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to be a global leader in retail trading and investments. Established in 1974 as the world's first financial spread betting firm, it continued leading the way by launching the world's first online and iPhone trading services.

IG is now an award-winning, multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees and offers an execution-only share dealing service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.

It is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and the US, where it offers on-exchange limited risk derivatives via the Nadex brand.

*Based on revenue excluding FX (from published financial statements, February 2018)