11th Sep 2014 11:34
LONDON (Alliance News) - London Capital Group Holdings PLC Thursday said its Chief Executive, Kevin Ashby, has resigned from his role.
Ashby's resignation, having been in the position since July 2013, comes following the appointment last week of Charles-Henri Sabet as the executive chairman of the company.
In a statement, the financial services company said Ashby has introduced Sabet to the company and, following the latter's appointment, felt it was now the appropriate time to resign and focus on his other business interests.
Ashby's resignation comes in the wake of the resignation of Chief Operating Officer John Jones in July, a month before the company said it had swung to a pretax loss in the first-half due to poor market conditions and a shift to a new trading platform.
London Capital shares were untraded on Thursday, quoted at 29.5 pence per share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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