London Capital Group announces Charles Poncet as Non-Executive Chairman and Nicholas Lee as Senior Independent Director

– UK, London – London Capital Group announces a change to the board of directors.

The transformation of the Company, which started following the arrival of new senior management in the second half of 2014, is now at an advanced stage and a clear strategy for achieving sustainable growth is in place. Having reached this stage of its development the Company has decided it is appropriate to now have 2 individuals in the key roles of chairman and chief executive.

LCG today announces that Dr. Charles Poncet, non-executive director, has been appointed as non-executive chairman of the Company and that Mr. Charles-Henri Sabet, currently executive chairman, will assume the role of Group chief executive officer.

The Company also announces that Nicholas Lee, non-executive director, has been appointed as senior independent non-executive director.

Dr. Poncet joined the Board as a non-executive director on 7 November 2014. Mr. Sabet has been executive chairman of the Company since he joined the Board on 3 September 2014 and since that time has been driving forward a strategy to transform the business.

The Board’s priority remains to continue to push ahead with the execution of its strategy for sustainable growth as the Company moves to the next stage of its development, focusing on the delivery of its new products and offerings across its chosen markets together with an expansion into overseas territories.

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