The International Stock Exchange (TISE) has announced that parent company CEO Fiona Le Poidevin is leaving the position to pursue a portfolio of non-executive directorships. She will remain fully in post in the coming months, but the search is on for a successor at TISE.
Jon Moulton, Chairman of The International Stock Exchange Group (TISEG), said: “Fiona has been instrumental in transforming the Exchange since she joined as CEO just over five years ago.
"In that time, we have seen consistent growth both in the number of listings on the Exchange and the profitability of the company, which is illustrated by the company’s market value rising tenfold in that period.
"We wish her well in the future and thank her for her productive efforts. The board has now started a search for a new CEO to continue the development and growth of the business.”
Fiona took up the role as CEO in January 2015. Shortly after, the company opened its office in Jersey and in June 2016, the company listed on TISE.
Since then, the group has opened an office in the Isle of Man and rebranded to reflect both the geographical expansion and the international nature of the client base. There are currently about 3,000 listed securities on TISE with a total market value of more than £350bn.
Fiona commented: “I am extremely proud of what we have achieved as a team during the last five years. We have not only transformed the business and facilitated significant growth but we have also created a new brand that is well recognised and respected in the marketplace and which we have been promoting across the globe, including in the US and Asia.”
Prior to joining the Exchange, Fiona was Chief Executive of Guernsey Finance. Previously a senior tax manager with accountancy firm KPMG, she has more than 20 years’ experience working in financial services in both London and the Channel Islands.