London Capital Group Holdings Reshuffles Board of Directors

In a regualtory filing, London Capital Group Holdings (LON:LCG) has announced the appointment of Dr. Charles Poncet, Dimitri Goulandris and Julien Cohen as non-executive directors with immediate effect. After the appointment of Charles Henri-Sabet as Executive Chairman, some changes in the board of directors of the company are due.

Mr, Charles Poncet brings to the fray his experience in leading law firms. He has been a practicing lawyer for more than 25 years and was a member of the Swiss Parliament between 1989 and 1995. According to the company's announcement he is one of the leading international arbitration specialists in Geneva and is a partner in CMS von Erlach Poncet, one of Switzerland's leading law firms and a member of the CMS network.

The second appointee, Dimitri Goulandris, is an insider from the financial industry, focusing on private equity for the past 20 years. He worked at Morgan Stanley's private equity group, structuring derivative products and executing mergers and acquisitions from New York and London.

He later founded The Cycladic Group, which specialises in investing and creating businesses. Mr. Goulandris brings high-level financial services and transactional experience to the board.

The appointment of Julien Cohen provides the board his expertise in general corporate management and financial investment, where he spent 15 years of his career. With his experience as a non-executive director and investor across various industry sectors, Mr. Cohen will bring to the board valuable technology investment and cross-sector experience in business growth and development.

London Capital Group Holdings' (LON:LCG) Executive Chairman, Charles-Henri Sabet, shared in the company announcement, "I am delighted to welcome Charles, Dimitri and Julien to the board and know that their broad skills and experience will be a real asset to the Company as we prepare for our move into overseas markets."

"A combination of their collective experience across a broad spectrum of financial and professional services, coupled with their extensive knowledge of transacting across borders, provides the Group's executive leadership team with the support needed as we progress with the next stage of development across our chosen business lines and selected product offerings," he concluded.

After the round of financing received by London Capital Group Holdings (LON:LCG) from Charles Henri-Sabet's GLIO Holdings, a big change to the management structure of the company has been triggered. After hiring industry veteran Francois Nembrini, the company has embarked on a new trajectory to expand its market share targeting some niches, which according to the firm's management deserve attention.