IG Group Holdings plc (LON:IGG) has brought in Malcolm Le May as its newest Non-Executive Director, whose appointment is tendered with immediate effect, according to a recent regulatory filing.
In his new role at IG Group, Mr. Le May will settle into the role of the group’s Senior Independent Director and Chairman of the Remuneration Committee. He is slated to serve in his new capacity in conjunction with two other non-executive directorships, which include Provident Financial plc as its Senior Independent Director and Remuneration Committee Chair, as well as Hastings Insurance Services in a similar role.
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According to Andy Green, Chairman of IG, in a recent statement on the appointment, “I am delighted to welcome Malcolm Le May to the Board of IG. Malcolm’s broad experience and knowledge of the financial services and investment sectors along with his extensive experience on the boards of publicly listed companies will be of immense value as the Company delivers on its strategic initiatives.”
IG Group recently made headlines after it officially christened its new Dubai office, following its plans for a regional expansion last year. The expansion of IG Group into Dubai constitutes the second regulatory license received by the group in a new jurisdiction within a year after the broker obtained a Swiss banking license in September 2014.
IG Group’s (LON:IGG) share prices have been in a slight decline over the past couple months, having relinquished its hold on the 800p level back in July. The stock is currently trading at 739p during London trading, incurring a tepid decline of -0.07% at the time of writing.