Saturday 24 September 2016

IFG CEO to step down with immediate effect

Sean Duffy

Published 13/09/2016 | 11:10

IFG chief executive Paul McNamara
IFG chief executive Paul McNamara

The chief executive of pensions group IFG, Paul McNamara, is to step down from his role and from the company's board with immediate effect.

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Mr McNamara has been employed in the role since he moved to the group from Barclays in 2014.

Last month, the Irish founded company announced that it was to move its day-to-day operations to London.

The company recorded revenues of €46.6m for the first half of this year, which represented an annual rise of 16pc.

Operating profit at the group was up 31pc, at €6.8m.

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