– ISRAEL, Haifa – Plus500 Limited (AIM:PLUS), a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce that Penelope Judd, currently a Non-Executive Director of the Company, will become Chairman of its Board of Directors. This follows Alastair Gordon’s decision to step down from the Board, having served as Chairman of Plus500 since the Company’s IPO in 2013. This change will take effect from the Company’s AGM to be held on 1 June 2017.
Ms. Judd has over 30 year of financial services experience specialising in Compliance, Governance, Regulation, Corporate Finance and Audit. Ms. Judd has made a significant positive impact to the Board since joining in 2016 and her expertise is particularly relevant given the regulatory challenges faced by the industry and the Company. Ms. Judd will continue to chair the Regulatory and Risk Committee of the Company, which was established last year and is an important element of the Company’s corporate governance.
The Company is also pleased to announce the appointment of Steve Baldwin as a Non-Executive Director of the Company with effect from 1 June 2017. Mr. Baldwin will complement Penelope Judd, Charles Fairbairn and Daniel King as non-executives of the Company and will be a member of the Audit and the Remuneration Committees.
Mr. Baldwin is currently a non-executive director of Panmure Gordon & Co. plc and Elegant Hotels Group plc. He has an extensive corporate finance background and most recently held the position of Head of European Equity Capital Markets and Corporate Broking at Macquarie Capital until February 2015 when he resigned to pursue a non-executive career. Prior to this Mr. Baldwin was a Director at JPMorgan Cazenove for ten years and was a Vice President of Corporate Finance at UBS from 1995 to 1998. He qualified as a Chartered Accountant at Coopers & Lybrand.
Asaf Elimelech, Chief Executive Officer of Plus500, said: “I would like to take this opportunity, both personally and on behalf of the Board, to thank Alastair for his invaluable contribution and support in leading the Board at the time of our flotation and over the past four years, which included major events and changes that influenced our Company and our market. His wise counsel and experience will be missed by the board. We wish Alastair all the best.
“Penny joined the Board in 2016 and has already made a meaningful impact, given her strong compliance background and the pace of regulatory change faced by the industry. We are delighted that she has taken on the role as Chairman.
“We are also pleased to welcome Steve to the Board given his recent experience as a non-executive director. His background in corporate finance and broking, both as industry practitioner and board director, will also be a great asset as we continue to develop our strategic plans for the business.”
Plus500 operates an online trading platform for retail customers to trade CFDs internationally over more than 2,100 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs and foreign exchange. Retail customers of Plus500 can trade CFDs in more than 50 countries and in 31 languages. The trading platform is also accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone), tablets (iOS, Android and Surface), Apple Watch and web browsers.
Plus500 retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand and South Africa. Customer care is integral to Plus500: customers cannot lose more than they deposit and there are no commissions on trades. Plus500 offers its customers sophisticated risk management tools to manage their trading positions and a free demo account is available on an unlimited basis for platform users.
For more information : http://www.Plus500.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
