31st Mar 2026 09:54
(Alliance News) - IG Group Holdings PLC on Tuesday said the UK Financial Conduct Authority has approved Andrew Barron as its new chair, with outgoing Chair Mike McTighe stepping away slightly later than planned.
The London-based provider of online trading platforms had announced Barron's appointment at the beginning of March.
He will take up the role on Wednesday, when outgoing Chair Mike McTighe steps down.
McTighe has held the position since 2020 and in September, said he planned to step down at the end of 2025, but would remain until his successor was in place.
Barron's experience includes stints at Virgin Media Ltd, Walt Disney Co and McKinsey & Co. He is currently a senior operating partner at New York-based private equity firm Stonepeak Infrastructure Partners LP. He is also a non-executive director at alarm system company Verisure PLC and BT Group PLC's Openreach Ltd.
Earlier in March, Barron had said he was "delighted to have been appointed as board chair designate and as a non-executive director of IG at such an exciting time for the business."
The new chair added: "IG has established an attractive position in global financial technology and the potential to drive further growth and transformation is significant."
IG Group shares rose 0.3% to 1,434.00 pence on Tuesday morning in London, and are up 51% over the past year.
By Holly Munks, Alliance News reporter
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