London Capital Group CEO Ashby resigns

Online financial services and spread betting firm London Capital Group (LCG) has announced that Kevin Ashby has resigned as chief executive officer and as a director of the company.

Ashby, who assumed the role of chief executive in July 2013, introduced recently-appointed chairman Charles-Henri Sabet to the company.

Sabet took over as executive chairman last week and is leading a group of investors in the company.

In response, LCG said that Ashby has “decided that it is an appropriate time to resign and concentrate on his other business interests”.

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