IFG Group plc announced that Paul McNamara is stepping down as Group Chief Executive and member of the Group Board with immediate effect. The board also announced 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.