Electronic trading major IG Group Holdings plc (LON:IGG) today announced that conditional awards have been granted to Clifford Abrahams, Chief Financial Officer and Executive Director of the company.

Conditional awards were made to Clifford Abrahams over IG’s ordinary shares on 24 January 2025 in relation to his joining the company and being appointed as an Executive Director and Chief Financial Officer of IG Group, as announced on 30 October 2024.

In connection with Mr Abrahams agreeing to take up employment with the Company, it was agreed that the buy-out awards would be made to him as compensation for incentives forfeited on leaving his previous employer, Virgin Money UK plc. The Buy-Out Awards have been approved by IG’s Remuneration Committee.

The Buy-Out Awards will vest subject to Mr Abrahams’ continued service with the company, they are not subject to any performance conditions.

Clifford Abrahams was appointed Chief Financial Officer at IG Group in December 2024. Prior to joining IG Group, Mr Abrahams served as Group CFO at Virgin Money UK PLC since 2021. His extensive career also includes nearly four years as Group CFO at ABN AMRO Bank, the Dutch bank, and a period as Group CFO at Dutch insurer Delta Lloyd Group.

Mr Abrahams began his career at Morgan Stanley where he advanced to Managing Director within the Financial Institutions Group. He subsequently spent a decade at Aviva, holding various senior financial roles that further cemented his leadership expertise.

He holds an MBA from the Wharton Business School and an MA in Economics from Cambridge University.