13 Sep 2016 07:00
13 September 2016
IFG Group plc
Change of Group Chief Executive
IFG Group plc (the "Group") announces that Paul McNamara is stepping down as Group Chief Executive and member of the Group Board with immediate effect. The Board would like to express its appreciation to Mr McNamara for his leadership of the Group over the last two years.
The Board is pleased to announce the appointment of John Cotter, currently Group Finance Director, as the new Group Chief Executive. Mr Cotter joined the Board in December 2013 as Group Finance Director and also served as Interim Chief Executive of the Group in 2014 prior to the appointment of Mr McNamara.
Mr Cotter has more than twenty years of senior leadership experience in financial services companies, having spent fifteen years at Morgan Stanley in various senior roles, and more recently three years as Group Finance Director and Chief Risk Officer at Collins Stewart Hawkpoint plc. Mr Cotter has played a key role in driving the restructuring and development of the Group over the last three years.
Current trading remains in line with our expectations as outlined in our interim report on August 25th.
John Gallagher, Group Chairman, said "I would like to thank Paul for his contribution to the Group and I welcome the appointment of John as Group Chief Executive to lead us through the next phase of development and execution of the Group's strategy."
This announcement contains inside information.
For further information please contact:
IFG Group plc
Lisa Rodriguez
Company Secretary
Tel: +353 (0)1 632 4800