Breaking: IG Group Appoints Paul Mainwaring as Chief Financial Officer

IG Group Holdings plc (LON:IGG) has announced the appointment of Paul Mainwaring as Chief Financial Officer (CFO) Designate. He will be replacing Mark Ward on July the 11th, who is leaving the company as was originally planned.

Before joining IG Group Holdings plc (LON:IGG), Paul Mainwaring was the CFO of Tullett Prebon. Mark Ward is leaving the firm in the hands of an industry veteran with a number of years of experience.

After the received of the regulatory approval for the new appointment, Mainwaring will take over the role on a permanent basis and will take up a seat on the Board of Directors of IG Group Holdings plc (LON:IGG).

Mainwaring is a qualified chartered accountant with Price Waterhouse. He worked at Tullett Prebon for almost a decade before joining IG.

Commenting on the new appointment, Andy Green, Chairman of IG, said: "After an extremely thorough search process, we are very pleased to have secured someone of Paul's standing. His knowledge of the financial services sector and experience in several public companies means he can hit the ground running and immediately add to the operational and strategic progress at IG."

The move by IG Group Holdings plc (LON:IGG) pretty much concludes the senior executives reshuffling which the company has undertaken in the past year. The company's top management team has now been fully refreshed after the retirement of former CEO Tim Howkins last July, and the departure of former CFO Chris Hill in August lat year.