IG Group Holdings Plc
IGG:LN
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Overview
Company Profile
Spread betting business IG Group returned to the market in April 2005, two years after being bought up by private equity firm CVC Capital for just �143m. The core business is spread betting though IG also provides other services such as CFDs and FX trading. More than 85% of IG's client transactions are executed online.
Classification
Sector Finance
Industry Capital Markets
Financials
News & Media
Corporate
Board of Directors
ANDY GREEN
NON-EXECUTIVE CHAIRMAN
Andy joined the board as deputy chairman in June 2014 and became chairman of the Group in October 2014. He has in-depth board experience and knowledge of major listed companies, having served as Group Chief Executive of Logica plc and having held board roles in BT Group including the role of CEO of Group Strategy and Operations. Andy’s other current roles, including Non-Executive Director of ARM Holdings plc, enable him to bring to the board a wide perspective on technology and digital development. Other current appointments: Andy is a Non-Executive Director of Avanti Communications Group plc. He holds a number of other roles including chairing DockOn AG and Digital Catapult. He is a board member of the CBI, president of UK Space, co-chairman of the Space Leadership Council and a member of the Digital Economy Council. Committee membership: Nomination Committee and Remuneration Committee.
STEPHEN HILL
NON-EXECUTIVE DIRECTOR
Stephen joined the board in April 2011. He brings significant and extensive board experience having previously served as the CEO of Betfair plc and holding managerial roles at Pearson plc, including the role of CEO of the Financial Times Group. He was Chairman of Interactive Data Corporation in the US as well as a member of the boards of Royal Sun Alliance Insurance Group plc, Psion plc and Channel 4. Other current appointments: Stephen is the Chairman and CEO of D’Aval, his family’s private investment company, and Trustee and Chairman of the Royal National Institute for Deaf People – Action on Hearing Loss. He is also a member of the Advisory Board of the Cambridge Judge Business School and a Non-Executive Director of Applerigg Limited and Aztec Limited, a fund administration business, and of Ofcom. Committee membership: Board Risk Committee, Remuneration Committee and Nomination Committee.
SAM TYMMS
NON-EXECUTIVE DIRECTOR
Sam joined the Board in May 2013. She began 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. Sam’s extensive experience in the regulatory field and her knowledge of compliance matters provide a valuable contribution to the board. Other current appointments: Sam is currently a Managing Director at Promontory Financial Group, a leading strategy, risk management and regulatory compliance consulting firm, where she advises financial services businesses on a wide range of risk and regulatory matters. Committee membership: Board Risk Committee, Audit Committee and Nomination Committee.
JIM NEWMAN
NON-EXECUTIVE DIRECTOR
Jim joined the Board in October 2013. A qualified Chartered Accountant, he was Finance Director for Resolution plc, having joined the company as Group Financial Controller. Jim spent ten years at Aviva, where he was Group Integration Director for the CGU/Norwich Union merger and Finance Director of Norwich Union Life, Aviva’s UK life insurance business. He was formerly the Corporate Development Director for Friends Life Group, where his responsibilities included overseeing the final separation and integration of the UK life business acquired by Resolution plc, as well as the delivery of the overall group change portfolio and strategic corporate development. His in-depth knowledge and experience of the financial services sector, as well as his considerable experience both as a CFO and in the implementation of transformation programmes, is proving invaluable to the board. Other current appointments: None. Committee membership: Board Risk Committee, Audit Committee, Renumeration Committee and Nomination Committee.
JUNE FELIX
NON-EXECUTIVE DIRECTOR
June joined the Board in September 2015. She is currently president of Verifone, Europe, with responsibility for the operation of the Verifone business throughout Europe. Prior to this role, June held various executive management positions at a number of large multi-national businesses including Citibank where she was managing director of global healthcare, Citi Enterprise Payments and IBM Corporation, where she led their global Banking and Financial Markets business. She began her career at P&G in brand management marketing. June brings to the Board, significant international experience and knowledge of the digital sector as well as experience in product innovation and delivery. Other current appointments: None. Committee membership: Nomination Committee and Board Risk Committee.
MALCOLM LE MAY
SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR
Malcolm joined the Board in September 2015. In recent times, he served as Senior Independent Director of Pendragon plc and was a Non-Executive Director and Chairman of the Investment Committee at RSA Insurance Group plc. Prior to this, he held various executive roles at Morgan Grenfell plc, Drexel Burnham Lambert, Barclays de Zoete Wedd Holdings, UBS AG, ING Barings Ltd, Morley Fund Managers (now Aviva Investors), JER Partners Ltd where he was European President and Matrix Securities Limited. Malcolm’s broad experience and knowledge of the financial services and investment sectors along with his extensive experience on the boards of publicly listed companies will be of immense value as the Company delivers on its strategic initiatives. . Other current appointments: Malcolm is the Senior Independent Non-Executive Director and Chairman of the Remuneration Committee at Provident Financial plc and a Non –Executive Director and Chairman of the Remuneration Committee of Hastings Insurance Services. He is a partner at Opus Corporate Finance LLP and holds advisory roles at Juno Capital LLP Heidrick & Struggles and Ernst &Young.. Committee membership: Audit Committee, Remuneration Committee and Nomination Committee.
CHRISTOPHER HILL
CHIEF FINANCIAL OFFICER
Christopher joined the IG board in April 2011 from Travelex, a group providing cross-border payment and foreign exchange services to corporate and retail customers, where he served as Chief Financial Officer. A Chartered Accountant, Christopher has extensive finance and accounting experience from a number of different business sectors. He has previously held roles at VWR International, a global laboratory-supply company (2005-2007), General Electric (2000-2005) and Arthur Andersen (1992-2000). Christopher graduated from Oxford University with a degree in Modern History and is an associate member of the Association of Corporate Treasurers. Christopher will be stepping down from his role as CFO in February 2016. Other current appointments: None. Committee membership: None.
PETER HETHERINGTON
INTERIM CHIEF EXECUTIVE OFFICER
Peter was an officer in the Royal Navy prior to joining IG Group as a graduate trainee in 1994. In 1999 he became head of financial dealing, and in 2002 he joined the Board following his appointment as chief operating officer. Initially as COO Peter ran IT at IG as the company became principally an online business. In 2008 the role changed and became a more traditional COO before in 2012 changing again to encompass sales and marketing. Peter’s considerable experience, built over 20 years in the business, is invaluable in his role as chief operating officer. Peter graduated from Nottingham University with a degree in economics, and from the London Business School with a masters in finance. Other current appointments: None. Committee membership: None.