CFO latest to leave spread betting operator IG Group

timhowkins
CEO Tim Howkins is leaving IG in October

IG Group Holdings plc, one of the biggest spread betting operators, has announced that Chief Financial Officer Chris Hill is to leave the company in order to take up the role of Chief Financial Officer at Hargreaves Lansdown plc.  It is anticipated Hill will continue in his current role until the end of his notice period and leave IG in February 2016.

Andy Green, Chairman of IG, said: “We are disappointed to lose Chris, but we understand his decision.  Chris has provided great service to IG over the last four years and has played an important role as part of a leadership team that has set out a clear strategic vision for IG.  I have no doubt that Chris will be an asset to his future employer and I wish him the very best of luck with his new role.

“The Board will commence, with immediate effect, a thorough search and selection process for Chris’s successor, considering both internal and external candidates.  In the meantime, Chris will continue in his current role to ensure we have an orderly handover of responsibilities.”

Hill commented: “I will be sorry to leave such a great business, but I am excited about the opportunity presented by Hargreaves Lansdown, an established FTSE 100 company.  I know I will be leaving IG in robust health, with a talented leadership team and a range of initiatives which should drive growth into the future.”

The company is also on the look out for a new CEO. Tim Howkins is stepping down from the role in October after nine years in the job.

It was only last week that IG sppointed David Horsley as Head of Finance. Horsley will be responsible for IG’s many financial functions across the world including Financial Control, Financial Planning and Analysis and Tax.

Horsley  has 18 years of experience in working for listed and private financial services companies including PwC, Goldman Sachs, Evolution Group Plc and Aldermore Bank. He joins from KGC Holdings, formed through the merger of Knight Capital and Getco, where he was European Finance Director.

He will also report into the CFO’s office, whoever will be sitting in the chair.

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