IG eyes Asia expansion adding former Colt CEO Rakesh Bhasin to its board, ESG effort
London based online trading firm IG Group Holdings plc (LON:IGG) has announced that Rakesh Bhasin was appointed on 6 July 2020 as a Non-Executive Director of the Company. Mr. Bhasin has also been appointed as a member of the Environmental, Social and Governance (ESG) Committee of the Board.
IG said that Rakesh Bhasin brings extensive technology and global markets experience, specifically in Asia Pacific. He is a Non-Executive Director for a portfolio of companies in multiple sectors and is also Chairman of CMC Networks, a Carlyle Group investment company based in Africa, focused on providing telecommunications services across Africa and the Middle East.
In his executive career, Rakesh was the CEO and a member of the Board of Colt Technology Services, a Fidelity owned company providing network, voice, and data centre services globally. Rakesh was appointed into the role of CEO in December 2006 and completed his tenure at the end of 2015, concluding his secondment from Fidelity. Concurrently, he was Non-Executive Chairman of KVH, an Asian based technology company with headquarters in Tokyo and operations in Hong Kong, Seoul and Singapore, and Non-Executive Chairman of Market Prizm, a financial services focused technology company.
Rakesh has also previously held senior positions within AT&T, including Head of AT&T Asia Pacific’s managed network services business and President, AT&T Japan Ltd. He was also formerly Senior Managing Director of Japan Telecom Company Limited.
Rakesh has a BSc, degree in Electrical Engineering from George Washington University.
Commenting on the appointment, IG Chairman Mike McTighe said:
“Following an extensive, externally facilitated search I am delighted to welcome Rakesh to the Board. He is a highly experienced Non-Executive Director with significant experience in the Asia Pacific region. Rakesh will complement the range of skills of our existing Board members.”
Rakesh Bhasin said:
“IG Group is an award winning multi-platform trading company with strong technology assets and an exciting growth strategy. I’m looking forward to working with the Board and the management team to realise further the potential of the business.”