IG Group Holdings Plc has revealed that Mr. Paul Mainwaring was officially appointed at the position of Chief Financial Officer Designate. The new CFO will come as a replacement of Mark Ward who is to leave the ranks of the UK-based trading company after a short handover as it was initially planned. The appointment will come into effect on July 11th.
This is a major step for IG Group, which comes pretty much as a conclusion of the senior executives overhaul that had been undertaken by the company over the past twelve months. The top management team of IG Group Holding has been totally reshuffled, as the company preferred to make new additions and refresh it after the former Chief Executive Officer Tim Howkins retired in July 2015, and then the former Chief Financial Officer Chris Hill left in August last year.
Mr. Paul Mainwaring was serving as a Chief Financial Officer of the inter-dealer broker agency Tullett Prebon until May this year before joining the ranks of IG Group, and he has the reputation of an experienced person known as a real industry veteran. He worked for almost ten tears for IG Group, and is also a qualified chartered accountant with Price Waterhouse.
Mainwaring is to take over the position of CFO of the company permanently after a regulatory approval is received for the appointment. He will also become part of IG Group’s Board of Directors.
The Chairman of IG Group Holding Plc – Andy Green – commented on the new appointment, saying that it had been an extremely long and thorough search process for the company until the proper addition had been found. The company’s Chairman now revealed that everyone were very pleased with the appointment, as they had managed to secure a worthy replacement of Mark Ward with someone of Mainwaring’s standing.
According to the IG Group’s Chairman, the knowledge Mainwaring had of the financial services sector would be quite beneficial for the company. Green also added that the extensive experience of the newly-appointed Chief Financial Officer would undoubtedly be helpful for both the strategic and operational progress of IG Group.