Non-Executive Director AppointmentSource: RNS
IG Group Holdings plc
LEI No: 2138003A5Q1M7ANOUD76
30 September 2020
Non-Executive Director Appointment
The Board of IG Group Holdings plc (the "Company"), a global leader in online trading, is pleased to announce that Wu Gang has today been appointed as a Non-Executive Director of the Company.
Wu Gang has significant experience within the financial services sector primarily across Asia. Additional biographical details are set out below.
Commenting on the appointment, Company Chairman Mike McTighe said:
"Following an extensive, externally facilitated search I am delighted to welcome Wu Gang to the Board. He has significant experience in global banking institutions and has valuable knowledge of the business environment in Asia. Wu Gang will complement and further diversify the skills, knowledge and experience of the Board."
Wu Gang said: "IG Group is an innovative financial services organisation with an exciting growth strategy and the capability to perform well in the current global economic environment. I'm looking forward to working with the Board and the management team to realise further the potential of the business."
Wu Gang is currently a Non-Executive Director of Ashurst LLP and a senior advisor at Rothschild & Co Hong Kong Limited. He served as a Non-Executive Director and member of the Remuneration Committee of Laird Plc* from January 2017 to June 2018.
Wu Gang has a strong strategic and financial advisory background and a wealth of international experience gained from a career of over 25 years in investment banking in Asia and Europe. He set up and led the European investment banking team at CLSA Securities, the international investment Banking platform of CITIC Securities, from 2015 to January 2019. Prior to CLSA Securities, he was head of M&A and General Industrials at ICBC International. Wu Gang also held senior level positions at Royal Bank of Scotland, HSBC and Merrill Lynch in Hong Kong and London. He started his investment banking career at Goldman Sachs.
Wu Gang has an MBA from INSEAD, Fontainebleau, an MA in Asia Area Studies from SOAS, University of London, and a BA in English and American Literature from Fudan University in Shanghai.
*Laird plc was a leading UK-based electronics and technology business listed on the London Stock Exchange until it was acquired by Advent International in July 2018.
There is no further information to disclose in accordance with Listing Rule 9.6.13R.
For further information, please contact:
Liz Scorer, Head of Investor Relations 0044 20 7573 0727
Ramon Kaur, Head of Communications 0044 20 7573 0060
Ed Berry 0044 20 3727 1141 / 1046
IG empowers informed, decisive, adventurous, people to access opportunities in over 17,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.
IG's vision is to provide the world's best trading experience. Established in 1974 as one of the world's first providers of financial derivatives to retail traders, it continued leading the way by launching the world's first online and iPhone trading services.
IG is an award-winning, multi-product trading company which allows retail, professional and institutional clients to trade 24 hours a day, 7 days a week*. IG is the world's No.1 provider of CFDs** and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees and offers an execution-only stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which provide a comprehensive offering to investors and active traders.
IG is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and North America. IG Group Holdings plc holds a long-term investment grade credit rating of BBB- with a stable outlook from Fitch Ratings.
*Excluding 10pm Friday (GMT) to 8am Saturday (GMT)
** Based on revenue excluding FX (from published financial statements, June 2020)