The International Stock Exchange (TISE) has announced that Jon Moulton will be retiring as parent company Chairman and stepping down as a Director at the end of the year.
He will be succeeded as Chairman of The International Stock Exchange Group (TISEG) by Charlie Geffen (pictured), who currently chairs the regulatory subsidiary, The International Stock Exchange Authority (TISEA).
Jon Moulton said: “We have significantly changed the business since I got involved seven years ago and I am pleased to be handing over the reins with it in a much stronger position.
"I’d like to thank my fellow Directors and the Executive teams for everything they have done to assist in making this difference, and I’m delighted to be leaving the business in the highly capable hands of Charlie Geffen.”
Charlie has been TISEA Chairman since January. He will remain in that role until the end of 2020, when he will relinquish his position as Chairman and Director of TISEA and then become TISEG Chairman from January 2021.
He previously worked at law firm Ashurst for 32 years, the past five as a Senior Partner. More recently, he has been with US law firm Gibson, Dunn & Crutcher as Chair of the Corporate Practice in London, where he led the growth of its transactional practice.
Other senior changes
As a consequence of Charlie’s appointment to the TISEG board, an additional Non-Executive Director of TISEA will be recruited later in the year and there will be an announcement about the appointment of the new TISEA Chairman.
Following an initial announcement in February, it has been confirmed that TISEG CEO Fiona Le Poidevin will leave the company on 27 July.
Anderson Whamond, Non-Executive Director of TISEG and Chairman of the Nominations Committee, said: “The process for recruiting her successor is progressing well, despite the difficulties and uncertainties posed by Covid-19. However, it will be some months before a successor is in place and in the meantime, the senior management team will assume those responsibilities, with additional oversight from the board.”
Latest TISE listing figures
Figures released today show that despite the continuing impact of Covid-19 on the broader market environment, volumes of new applications to list on TISE held up unexpectedly well during the second quarter of 2020.
Overall, there were 390 new listings admitted to the Official List of TISE during the first six months of 2020, which represents a rise of more than 60% year on year and takes the total number of securities listed on the market up to 3,030 at 30 June 2020.