Plus500 Ltd Appoints New Non-Exec Director, Adds Elad Even-Chen to the Board

Online Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading company Plus500 Ltd (LON:PLUS) has announced that it is appointing Mrs. Penelope Ruth Judd (née Partridge), as non-executive director of the brokerage. The change to the board of the firm will be effective from the 28th of June 2016.

The move will result in an increase in the number of non-executive directors at Plus500 to a total of four. Penelope Ruth Judd is based in London and will be joining Alastair Gordon, Charles Fairbairn and Daniel King. In addition she will chair the newly formed Risk and Compliance Committee.

Mrs. Judd brings to the Board of Plus500 Ltd (LON:PLUS) 30 years of city experience as a chartered accountant. She has been specializing in compliance, governance, Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, corporate finance and audits. At present, she is managing director and EMEA head of compliance at Nomura International Plc, but will be relinquishing her position in June 2016 to focus on her portfolio non-executive career.

Before Nomura, Mrs. Judd was managing director and EMEA head of compliance at investment bank UBS.

Mrs. Judd has vast corporate experience with a career spanning across a number of big names in the industry. After starting at KPMG where she qualified as a chartered accountant, she joined the UK Listing Authority to head the Equity Markets Division. In this position, Mrs. Judd was directly involved in the process of admission and regulation of companies to the LSE's Alternative Investments Market.

Commenting on the appointment, the chairman of the board of Plus500 Ltd (LON:PLUS), Alastair Gordon, said: "We're delighted to welcome a non-executive of the calibre of Mrs. Judd to the Board of Plus500. She will be of great value to the Company, and we look forward to benefitting from her guidance as we continue to grow our business."

Elad Even-Chen Joins Board of Directors

Aside from the appointment of a new non-executive director, Plus500 Ltd also announced the appointment of Mr. Elad Even-Chen as the company's CFO back in March this year, and he will now also be joining the company's board of directors. The complementary position will become effective on the 28th of June 2016.

The brokerage's board will be parting ways with Mrs. Inbal Marom, who has chosen to step down effective from July 1st 2016.

Currently, the CFO of Plus500 Ltd holds two Share Appreciation Rights (SARs) in relation to Plus500 stock. The first is a NIS 500,000 ($128,000) SAR with a base price of £5.20 subject to a maximum cash payout of NIS 2,000,000 ($514,500) and a payout date of 1 January 2017.

The second SAR is with a base price of £3.89 and is for NIS 650,000 ($167,000), it is subject to a maximum cash payout of NIS 2,600,000 ($668,000) and its payout date is the 3rd of January 2018.