ONLINE trader IG Group has announced that its CFO Chris Hill is set to leave the company after four years and take up the same role at FTSE 100 investment outfit Hargreaves Lansdown.
Hill – whose departure will be deferred until February 2016 – closely follows that of IG chief executive, Tim Howkins, who announced just last month that he would retire in October, following a fall in its pre-tax profit to £193.2m for the year to May 31. The company was hit by a £27m loss following the Swiss franc’s recent revaluation.
A former Travelex, General Electric and Arthur Andersen employee, Hill said: “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”.
IG has now begun its search for a replacement.
Mike Evans, chairman of Hargreaves Lansdown, said “We are delighted to welcome Chris. He has a highly relevant financial services background and will bring new skills and expertise to the Board.”
IG chairman, Andy Green, 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.”