Tise CEO Fiona Le Poidevin to step down

Mrs Le Poidevin is leaving the position to pursue a portfolio of non-executive directorships but will remain fully in post in the coming months to enable a smooth transition to her successor.

She took up the role in January 2015 - subsequently overseeing an expansion from Guernsey into Jersey and the Isle of Man, and the growth of the exchange. There are currently approximately 3,000 listed securities on Tise with a total market value of more than £350bn.

Jon Moulton, chairman of The International Stock Exchange Group, 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.’

Mrs Le Poidevin said she had enjoyed her time at Tise, adding: ‘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.

‘In addition, we have created opportunities for our people, increasing our staff numbers overall by more than 50% and fostering a positive culture which reflects our core values.’