A notable announcement has been made by IG Group Holdings plc regarding the vesting of conditional awards linked to the Chief Financial Officer. On January 24, 2025, awards were granted in relation to the CFO’s appointment and transition to the company, which was formally recognized on October 30, 2024.
These awards relate to previous incentives that were forfeited by the CFO upon his departure from Virgin Money UK plc. To compensate for this, IG Group’s Remuneration Committee has approved these buy-out awards. Importantly, these awards will vest provided that the CFO remains with the company, although they do not require the achievement of any specific performance metrics.
The CFO joined IG Group in December 2024, previously serving as Group CFO for Virgin Money UK plc since 2021. His professional experience spans a variety of leadership roles within the financial sector, including significant positions at ABN AMRO Bank and Delta Lloyd Group.
The CFO’s career began at Morgan Stanley, where he rose to be a Managing Director in the Financial Institutions Group. Following this, he spent ten years with Aviva, during which he held several senior financial roles, further solidifying his reputation in leadership within the industry.
His academic credentials include an MBA from the Wharton School of Business and an MA in Economics from Cambridge University. With such a robust background, the granting of these conditional awards reflects both a continuation of leadership and a strategic move for the company to ensure stability in its financial management.