– UK, London – Following the recent relevant regulatory approvals of Mr Charles-Henri Sabet and GLIO, as announced by the Company on 14 August 2014, LCG is pleased to announce that Mr Charles-Henri Sabet has been appointed as Executive Chairman of the Company with immediate effect. LCG also announces that Giles Vardey is stepping down as Chairman. He will remain on the Board in the role of non-executive senior independent director.
Mr Charles-Henri Sabet, 52, has a great deal of experience in financial and Foreign Exchange markets. He set up Trading and Commercial Consulting, a financial organisation specialising in foreign exchange. He was also founder and Chairman of Synthesis Bank Geneva, which was sold to Saxo Bank (Switzerland) SA in 2007. He was appointed as Chairman and Head of Global Trading of the Saxo Group. Mr Sabet is currently a director of GIO Global Investments Opportunities Management Ltd which offers proprietary trading and investment services. Until its sale in April 2014, Mr Sabet was also a Non-Executive director of JIFFIX Markets Ltd, a Cyprus based investment firm specialising in foreign exchange brokerage.
Mr Sabet has spent a considerable amount of time getting to know the Company’s business, understanding the Group and the Board’s longer-term growth strategy. The Board looks forward to his active involvement in the day-to-day running of the Company.
About London Capital Group Holdings plc (LCGH)
LGCH is a financial services company offering online trading services.
London Capital Group Limited (LCG Ltd), a wholly owned trading subsidiary of LCGH plc, is authorised and regulated by the Financial Conduct Authority. Its core activity is the provision of spread betting and CFD products on the financial markets to retail clients under the trading names Capital Spreads, Capital CFDs and LCG MT. Its other division provides online foreign exchange trading services to institutional and professional clients. LCG Ltd is one of the leading providers of white label financial spread trading and CFD platforms and its white label partners include TD Direct Investing, Bwin.party, and Saxo Bank.
LCG Ltd has a European passport and is a member of the London Stock Exchange. LCG Ltd also has access to international markets through its global clearing relationships.
LCGH plc is listed on the London Stock Exchange’s AIM market. LCG is included in the General Financial sector (8770) and Speciality Finance sub sector (8775) and has a RIC code of LCG.L.
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