Transaction Capital Limited announced that, Ms. Olufunke Ighodaro has resigned as a non-executive director of the company and as chairman of the audit, risk and compliance committee (ARC) and member of the asset and liability committee with effect from 30 November 2018. Ms Ighodaro's resignation follows her appointment as an executive director and CFO-designate of another board which will require a significant proportion of her time. Ms. Diane Radley, who is an independent non-executive director and a member of the ARC, will assume the position of chairman of the ARC from 1 December 2018.