Leading UK based online broker IG Group Holdings plc (LON:IGG) has announced the appointment of Andrew Barron as Board Chair Designate and Non-Executive Director of the Group, with immediate effect. Andrew will formally assume the role of Board Chair upon receipt of the necessary regulatory approvals.

Andrew Barron succeeds Mike McTighe, who has served as Chair for more than six years, during which time the business has grown considerably in both scale and diversification. Mike will remain as Chair until the necessary regulatory approvals have been obtained to ensure an orderly transition, at which time he will step down from the Board.

Andrew Barron is an experienced board leader and operator with a proven record of value creation. His 25-year operating career was primarily in the technology, media and telecommunications sectors, latterly as Chief Operating Officer of Virgin Media.

Jonathan Moulds, Senior Independent Director, who led the succession process, commented,

“On behalf of the Board, I would like to thank Mike for his significant contribution as Chair over the past six years. I am delighted to welcome Andrew, whose deep experience of leading technology businesses through periods of growth and transformation makes him an excellent choice to chair IG.”

Andrew Barron commented,

“I am 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. IG has established an attractive position in global financial technology and the potential to drive further growth and transformation is significant.”

Background on Andrew Barron

Andrew Barron has over 35 years of operating and board experience, primarily in the technology, media and telecommunications sectors. His executive career includes Chief Operating Officer of Virgin Media (2008-2013), Chief Operating Officer of Modern Times Group (2003-2008) and senior roles at UPC and The Walt Disney Company. He began his career at McKinsey & Company.

He currently holds the following positions:

• Non-Executive Director at Openreach (since 2020)
• Non-Executive Director at Verisure (since 2020)
• Senior Operating Partner at Stonepeak Infrastructure Partners (since 2020), representing Stonepeak on the boards of Delta Fiber and Astound

Previous board appointments include:

• Deputy Chair/Chair of Tele2 (2018 – 2024)
• Chair of Comhem (2013 – 2018)
• Co-Founder of the special purpose acquisition company, Ocelot, and Non-Executive Director of Ocean Outdoor (2017 – 2022)
• Chair of Primacom (2014 – 2015)

Andrew Barron holds an MBA from Stanford University and a BA from the University of Cambridge.

About IG

IG Group provides online trading platforms and educational resources to empower ambitious customers around the globe. Headquartered in the UK, IG Group is a FTSE 250 company that offers customers access to over 21,000 financial markets worldwide.