Spread betting and CFDs provider, IG Group has appointed industry veteran Lisa Pollina, who once was Vice Chairman for RBC Capital Markets, as a Non-executive Director.
Pollina’s is currently an Investment Adviser at Ares Management, where she advises the US Asset Manager on financial services and technology investments. Her previous roles include Senior Advisor to the CEO for RBC International, and then held senior roles at the capital markets division of the Royal Bank of Canada (RBC).
IG Group CEO, Mike McTighe said the online trading firm will leverage Pollina’s experience of working with US-based firms and regulator ahead of acquiring tastytrade. The US privately held firm, which operates an online brokerage and trading education platform, is based in Chicago. The deal is scheduled to be completed by the summer of 2021 and values tastytrade at $1 billion.
In addition, Lisa had served as a financial institutions executive at Bank of America with responsibility for a global corporate banking division serving clients in Asia, EMEA, Latin America, Canada and the United States.
IG Reshuffles Non-Executive Management
In 2016, she joined Depository Trust & Clearing Corporation (DTCC), the major equity clearing and settlement services provider, where she sat on the Board’s Audit Committee, Finance/Capital Committee and Risk Committee.
Is it Time For Banks to Move Over And Create Space For Blockchain?Go to article >>
“Following an extensive, externally facilitated search I am delighted to welcome Lisa to the Board. With the prospective acquisition of tastytrade due to complete later this year, Lisa brings highly valuable experience of working with US-based regulated entities, policymakers, and regulators. Lisa will complement and further diversify the skills, knowledge and experience of the Board,” said IG Group Chairman, Mike McTighe.
Lisa added: “This is an exciting time to join IG Group, particularly in connection with the proposed acquisition of tastytrade. I am looking forward to being involved with such an innovative and entrepreneurial company, and to working with the Board and the management team to realise the further potential of the business.”
With a raft of experience in the banking industry, Pollina’s career includes stints with policymakers in the US, including at the Federal Reserve’s working group on global markets. Moreover, she was a member of the Financial Services Roundtable in Washington, D.C.
Britain’s biggest player in the spread betting sector, with a 40 percent share of the market, has undergone several management changes over the last few months. Most recently, the firm has promoted its long-serving executive, Nazli Visne to take on the role of its operations head in the Netherlands.