IG Group CFO to step down
Chris Hill is to step down from his role as chief financial officer at spread betting company IG Group in order to take up a similar position with financial services firm Hargreaves Lansdown.
Hill is to remain with the firm until the end of his notice period and will officially exit his role in February of next year.
Hill has served as chief financial officer of IG Group for four-and-a-half years, having first joined the company in April 2011.
Prior to his time with IG Group, he spent just over four years with Travelex, first holding the role of group financial controller before going on to become chief financial officer.
In his earlier career, Hill spent time as finance director of the UK and Ireland at VWR International, prior to which he also worked for GE Capital and Arthur Andersen.
“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,” Hill said.
IG Group chairman Andy Green added: “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.
“The board will commence, with immediate effect, a thorough search and selection process for Chris's successor, considering both internal and external candidates.
“In the meantime, Chris will continue in his current role to ensure we have an orderly handover of responsibilities.”
Confirmations of Hill’s departure comes after IG Group last month announced that Tim Howkins is to retire from his role as chief executive officer later this year.
IG Group also noted that although it will not release its next trading update until September 22, it can confirm the company is currently trading in line with expectations.
Related article: IG Group claims ‘strategic’ progress as CEO confirms retirement