IG Group announced the appointment of Jim Newman as a Non-Executive Director of the company, taking effect on October 1st, 2013. Newman is currently Group Transformation Director for Friends Life Group and Resolution Limited, where he is responsible for “overseeing the final separation and integration of the UK life businesses acquired by Resolution Ltd. “ Newman was a founder member and Chief Financial Officer of Resolution LLP, and served as Finance Director for Resolution Ltd.
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Commenting on the appointment, Jonathan Davie, Chairman of IG, stated in IG Group’s LSE filing that “I am delighted to welcome Jim Newman to the Board of IG. Jim’s distinguished career and extensive experience in the financial services industry will be much valued by the Board, as we continue to invest in and expand the business.”
The announcement of today’s appointment comes after the broker reported its interim statement earlier today. Currently, shares of IG (IGG.L) are up 1.25% to 620p.