City of London Investment Group Plc announced that Sarah Ing will be joining the Board as a Non-Executive Director (NED) on 1 March 2024. Sarah is a qualified chartered accountant with over 30 years of experience in the financial services sector including audit, corporate finance, investment banking and asset management. She is an experienced NED in quoted financial services companies.

Previously, Sarah founded and ran an investment management business and was also a top-rated equity research analyst covering the financial sector. Sarah is also an independent NED at CMC Markets plc, XPS Pensions Group plc and Marex Group plc. She is the Chair of the Remuneration Committee at CMC Markets plc, Chair of the Audit and Risk Committee and of the Sustainability (ESG) Committee at XPS Pensions Group plc and at Marex Group plc she is senior independent Director and Chair of the Audit and Compliance Committee.

Upon joining Sarah will become a member of the Audit, Nomination and Remuneration Committees. The Group also announced that Jane Stabile, a Non-Executive Director and Chair of the Nomination Committee, will be resigning from the Board on 29 February 2024, following a request from her to resign due to increasing commitments in her own business. Rian Dartnell will take over as Chair of the Nomination Committee.