IG Group Holdings plc has recently announced the provision of conditional awards to its Chief Financial Officer. These awards pertain to ordinary shares and were granted on January 24, 2025, related to the executive’s appointment as CFO and Executive Director of the company, a position which was confirmed on October 30, 2024.
The conditional awards serve as compensation for incentives relinquished from the executive’s prior employment with Virgin Money UK PLC. Upon joining the company, it was determined that these buy-out awards were necessary to facilitate a smooth transition for the executive. The Remuneration Committee of IG Group has approved these awards, which will vest as long as the CFO remains with the company. Notably, these awards are not tied to any performance metrics.
The new CFO joined IG Group in December 2024 after a successful tenure as the Group CFO at Virgin Money UK since 2021. His prior experience includes significant roles, such as Group CFO at ABN AMRO Bank and Delta Lloyd Group, and a notable early career at Morgan Stanley where he rose to the level of Managing Director in the Financial Institutions Group. Additionally, he spent a decade at Aviva, where he undertook various senior financial roles.
His academic credentials include an MBA from the Wharton School of the University of Pennsylvania, as well as an MA in Economics from Cambridge University. These extensive experiences and educational qualifications contribute to his leadership capabilities within the financial industry, further enhancing the strategic direction of IG Group.