Lisa Pollina Steps Down as Non-Executive Director of IG Group

Financial industry veteran, Lisa Pollina has resigned as Non-Executive Director from the IG Group, a spread betting and CFDs provider, after being appointed in March 2021. According to a notification from the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, IG Group Holdings PLC released the official announcement, stating it had received the notice from Pollina.

“The Board of IG Group Holdings plc (the ‘Company’), a global leader in Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, has received notice from Lisa Pollina of her intention to step down as a Non-Executive Director of the Company on 1 September 2021. The Board thanks Lisa for her contribution to the Group,” the IG group said in the publication signed on Thursday without providing further details on the matter.

The executive once served as Vice Chairman for RBC Capital Markets. When she took the reins as the IG Group’s Non-Executive Director, she was an Investment Advisor at Ares Management. She advised the US Asset Manager on financial services and technology investments during her tenure at that firm. Her professional background includes having held roles as Senior Advisor to the CEO for RBC International and then held senior positions at the Royal Bank of Canada (RBC).

Furthermore, Pollina worked as an executive for the Bank of America with responsibility for a global corporate banking division serving clients in Asia, EMEA, Latin America, Canada and the United States.

Previous Management Changes

At the time of her appointment, Mike McTighe, IG Group's Chairman, expected that Pollina brought her experience of working with US-based regulated entities, policymakers and regulators. In fact, Pollina’s career includes experience working with US policymakers at the Federal Reserve’s working group on global markets. Moreover, she was a member of the Financial Services Roundtable in Washington, DC.

As Finance Magnates has been reporting over the last few months, Britain's IG Group, with a 40 percent share of the spread betting market, has undergone several management changes.