First Derivatives plc (LON:FDP) has announced the results of its Annual General Meeting held earlier today, at which all resolutions were duly passed, including the proposed change of Group name to FD Technologies plc.

At the AGM Keith MacDonald, having served nine years as a Non-Executive Director, did not stand for re-election and consequently has retired from the Board with immediate effect. Non-Executive Director Thomas Seifert has been appointed to succeed Keith as Chair of the Audit Committee.

Donna Troy, Chairman, commented:

“During his nine years on the Board, Keith has made an outstanding contribution to the development of the Group and his guidance has been invaluable. On behalf of the Board I thank him for his dedication and service.

Keith MacDonald was appointed a director at FD in 2012. He is a Chartered Director, a fellow of the Institute of Chartered Accountants in Ireland and an Associate of the Irish Taxation Institute.

He was formerly Managing Director of Structured Corporate Finance for Lloyds Banking Group with responsibility for operations in Europe and North America. Prior to joining Lloyds Bank Group, he had a 16 year career with Citigroup during which time he held a variety of senior positions in Europe and Asia including the position of Asia-Pacific Head of Structured Corporate Finance.