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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteIG Group Holdings plc announced on December 11, 2019 that Robert Michael “Mike” McTighe would become Chairman of the Board. The appointment was not effective immediately: McTighe took up the role on February 3, 2020, replacing interim Chairman Jonathan Moulds.
McTighe later left IG Group’s Board on April 1, 2026. Andrew Barron succeeded him as Board Chair after receiving regulatory approval, so McTighe should now be described as IG’s former chairman rather than its current chair.
What IG announced in December 2019
The announcement made on December 11, 2019, was titled New Chairman Appointment. IG said McTighe would lead the Board and support Chief Executive Officer June Felix and the executive team as they carried out the group’s strategy.
The distinction between announcement and start date matters. Jonathan Moulds remained interim Chairman until February 3, 2020. McTighe’s appointment therefore became effective on that date, rather than on the day IG issued the announcement.
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| Date | Event |
|---|---|
| December 11, 2019 | IG announced McTighe’s appointment as Chairman of the Board. |
| February 3, 2020 | McTighe’s appointment took effect; Jonathan Moulds’ interim chairmanship ended. |
| September 15, 2025 | IG said McTighe intended to step down by the end of 2025. |
| March 3, 2026 | IG named Andrew Barron as Board Chair Designate, subject to regulatory approval. |
| April 1, 2026 | Barron became Board Chair and McTighe stepped down from the chair, the Nomination Committee and the Board. |
McTighe’s role was non-executive
McTighe was appointed to a non-executive chairmanship, not to run IG Group’s day-to-day operations. The Board Chair leads the Board, helps set its agenda and provides oversight of management. The CEO and executive team remain responsible for operating the business.
At the time, June Felix was IG Group’s CEO. Felix had joined IG’s Board as a non-executive director in September 2015 and became CEO in October 2018. IG’s 2020 annual report listed McTighe as Chairman and Felix separately as Chief Executive Officer.
For investors, this separation is important. A change in chair can affect Board oversight, governance priorities and the relationship between directors and management, but it does not mean that the new chair has become the company’s chief executive or operational head.
Experience McTighe brought to IG
IG highlighted McTighe’s experience across corporate leadership, regulation and non-executive governance. At the time of the appointment, he was chairman of Openreach Limited, Together Financial Services Limited and Arran Isle Limited.
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His earlier executive career included roles with:
- Cable and Wireless
- Philips
- Motorola
- GE
He had also held non-executive positions for more than 20 years. His public-sector and regulatory experience included eight years on the Ofcom Board and one year on the Postcomm Board. He had previously been a director of WYG plc, leaving that board on September 21, 2017, and IGAS Energy plc, leaving on October 10, 2019.
McTighe held a BSc (Hons) in Electrical and Electronic Engineering from University College London. He was 66 when IG announced the appointment in December 2019; that was his age at the time, not a current-age description.
Who led the chair search?
Malcolm Le May led the selection process. He was IG’s Senior Independent Director and interim Chair of the Nomination Committee.
The Senior Independent Director is a non-executive director who provides an additional channel for shareholders and other stakeholders, particularly when the Board Chair is unavailable or when concerns involve the chair. In a chair-selection process, that role can help provide independent oversight of the appointment.
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McTighe’s later departure from IG
McTighe remained IG Group’s Board Chair from February 3, 2020, until April 1, 2026. On September 15, 2025, IG announced that he intended to step down by the end of 2025. The eventual succession process continued into 2026.
On March 3, 2026, IG announced Andrew Barron as Board Chair Designate. His appointment required regulatory approval. IG confirmed on March 31 that the FCA had approved it, and Barron became Board Chair and Chair of the Nomination Committee on April 1.
On the same date, McTighe stepped down as:
- Chairman of the Board
- Chair of the Nomination Committee
- A non-executive director of IG Group
IG’s current Board information identifies Andrew Barron as “Non-Executive Director and Board Chair.” Accordingly, articles that still say “Mike McTighe is IG Group’s Chairman” are out of date.
Why the appointment mattered to shareholders
A board-chair appointment is primarily a governance event, rather than a direct change to a trading platform, customer account or investment product. The chair helps the Board scrutinise strategy, risk management, executive performance and capital decisions.
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McTighe’s background was relevant to IG because it combined technology and telecommunications leadership with experience in regulated businesses and public-company governance. Those areas can matter to a financial-services group whose activities involve technology, customer protection, financial regulation and oversight of market risk.
However, the appointment alone did not guarantee a particular share-price outcome or business result. Investors assessing IG should distinguish between:
- Governance: who leads the Board and oversees management.
- Executive management: who runs the company’s operations and executes its strategy.
- Business performance: revenue, profit, customer numbers, costs, regulatory developments and shareholder returns.
The 2019 announcement also described IG as offering access to more than 16,000 financial markets. That was a historical figure from the announcement and should not be mixed with the company’s later business descriptions. IG’s March 2026 announcement described the group as a FTSE 100 financial technology company with more than 1.3 million customers worldwide and brands including IG, tastytrade, Freetrade and Independent Reserve.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Bottom line for readers
McTighe’s appointment was announced on December 11, 2019, became effective on February 3, 2020, and placed an experienced technology, regulatory and board director in a non-executive leadership role at IG Group. He remained chair for just over six years. As of April 1, 2026, he is no longer on IG’s Board: Andrew Barron is the company’s Board Chair.
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The primary records are IG Group’s December 2019 RNS announcement, the 2020 annual report, and IG’s March 31, 2026 succession announcement.
FAQ
When was Mike McTighe appointed Chairman of IG Group?
IG Group announced his appointment on December 11, 2019. It took effect on February 3, 2020, when he replaced interim Chairman Jonathan Moulds.
Was Mike McTighe IG Group’s CEO?
No. McTighe was appointed as a non-executive Board Chair. June Felix was IG Group’s CEO when McTighe took the role.
Who is IG Group’s current Board Chair?
Andrew Barron became IG Group’s Board Chair on April 1, 2026, after the FCA approved his appointment. McTighe stepped down from the Board on the same date.
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At the time of his appointment, McTighe had held senior executive and board roles involving Cable and Wireless, Philips, Motorola, GE, Ofcom and Postcomm. He also chaired Openreach Limited, Together Financial Services Limited and Arran Isle Limited.
The Bottom Line
Bottom line: IG announced Mike McTighe as its incoming Chairman on December 11, 2019, but he officially began on February 3, 2020. He served as a non-executive chair until April 1, 2026, when Andrew Barron succeeded him and McTighe left IG’s Board.
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