Retail brokerage giant IG Group announced on Wednesday the appointment of Robert Michael (Mike) McTighe as the new chairman of its board.
McTighe will assume the position in full effect on February 3 next year, and until then, Jonathan Moulds will continue to serve as interim chairman.
Robert Michael McTighe
Commenting on his new position, McTighe said: “I am very excited to be joining IG and look forward to leading the Board and supporting June Felix and the executive team as they continue to execute the Group's stated strategy.”
40 year of experience
He brings almost 40 years of experience to the brokerage company, at which he served both public and private companies in leadership positions. He has been holding non-executive director positions in various companies for the past 20 years and also serves as the chairman.
He is currently in the role of chairman at Openreach, a telecom business in the UK, which he has been holding for the last three years. Along with that, he has also been in the same role at short-term financing company Together and Arran Isle for almost a decade.
His work portfolio also includes companies like Cable and Wireless, Philips, Motorola, and GE, where he spent most of his executive career.
“Mike brings impressive board and leadership experience in financial services and other regulated sectors, and we look forward to benefitting from his considerable stakeholder management skills,” Moulds, interim chairman of IG Group, added.
“Following the completion of our comprehensive selection and appointment process, I am delighted that Mike has agreed to join the Board and welcome Mike to IG as June and the executive execute on the strategy articulated at the investor day earlier this year,” Malcolm Le May, senior independent director and interim chairman of the Nomination Committee, said on the new appointment.
Meanwhile, the company is expecting a net trading revenue of £250 million (almost $328 million) in the first half of the upcoming year, Finance Magnates reported.
