Plus500 names Judd as new chairman

Plus500 has confirmed that Penelope Judd is to become the new chairman of its board.

Judd has been serving as a non-executive director of the company and will now replace Alastair Gordon, effective from the firm’s AGM on June 1.

In addition to her role as chairman, Judd will continue to chair the company’s regulatory and risk committee, which was established last year.

Asaf Elimelech, chief executive of Plus500, said: “I would like to take this opportunity, both personally and on behalf of the board, to thank Alastair for his invaluable contribution and support in leading the board at the time of our flotation and over the past four years, which included major events and changes that influenced our company and our market.

“Penny joined the board in 2016 and has already made a meaningful impact, given her strong compliance background and the pace of regulatory change faced by the industry.”

Meanwhile, Plus500 has appointed Steve Baldwin as a non-executive director.

Baldwin is currently a non-executive director of Panmure Gordon & Co. plc and Elegant Hotels Group, and has also previously worked with JPMorgan Cazenove and UBS.

Elimelech added: “We are also pleased to welcome Steve to the board given his recent experience as a non-executive director; his background in corporate finance and broking, both as industry practitioner and board director, will also be a great asset as we continue to develop our strategic plans for the business.”

Related article: Plus500 reaches settlement with Belgium’s FSMA