IG Group announces Mike McTighe to its Board of Directors as upcoming Chairman

– UK, London –  IG Group Holdings Plc (LON: IGG), a global leader in online trading, today announced the appointment of Mike McTighe as Chairman of the Board. Jonathan Moulds will continue to serve as interim Chairman until 3 February 2020 when Mike McTighe’s appointment takes effect.

“Mike brings an impressive board and leadership experience in financial services and other regulated sectors, and we look forward to benefitting from his considerable stakeholder management skills.” said Interim Chairman Jonathan Moulds

Malcolm Le May, Senior Independent Director and Interim Chairman of the Nomination Committee said: “Following the completion of our comprehensive selection and appointment process, I am delighted that Mike has agreed to join the Board and welcome Mike to IG as June and the executive execute on the strategy articulated at the investor day earlier this year”.

About Mike McTighe

Mike McTighe brings to IG a wealth of leadership, board and regulatory experience from both public and private companies. Mike is the Chairman of Openreach Limited, Together Financial Services Limited, and Arran Isle Limited.

Mike spent most of his executive career at Cable and Wireless, Philips, Motorola, and GE. For over 20 years he has held various non-executive director roles in a range of regulated and unregulated industries whilst also spending eight years on the board of Ofcom and one year on the board of Postcomm. Mike has held a number of chairmanships over the years including chairing several public company boards.

Mike was a Director of WYG PLC until 21 September 2017 and of IGAS Energy PLC until 10 October 2019

Mike said, “I am very excited to be joining IG and look forward to leading the Board and supporting June Felix and the executive team as they continue to execute the Group’s stated strategy.”

Mike has a BSc in Hons Degree in Electrical and Electronic Engineering from University College London.

About IG

IG empowers informed, decisive, adventurous people to access opportunities in over 16,000 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 provide the world’s best trading experience. Established in 1974 as the world’s first financial derivatives firm, it continued leading the way by launching the world’s first online and iPhone trading services.

IG is 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 stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which 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.

For more information: https://www.iggroup.com

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