TIDMTLPR
RNS Number : 5302L
Tullett Prebon PLC
03 October 2016
TP ICAP Global Executive Committee (GEC) appointments
London, 3 October 2016: Tullett Prebon, one of the world's
leading interdealer brokers, today announces the members of the TP
ICAP Global Executive Committee (GEC), subject to the successful
completion of the acquisition of the ICAP global hybrid broking and
information business later this year.
These appointments are being made after a rigorous and extensive
review process and determination of the best initial structure for
TP ICAP. Each member of the TP ICAP GEC will report to John
Phizackerley, the Group Chief Executive.
The GEC will oversee the strategy and management of TP ICAP, and
will monitor and govern the commercial and financial performance
across the regions, global business lines and global corporate
functions. There were three guiding principles in its
constitution:
1. Tullett Prebon, ICAP and their associated brands will be
operated separately and they will continue to compete.
2. Each region will continue to be managed separately by Tullett
Prebon and ICAP Regional CEOs, as well as a single TP ICAP Regional
Head to ensure consistent delivery of the Group's full range of
products and services, and delivery of the synergies.
In addition to existing regional management structures, global
product lines will be managed in a balanced matrix. The global
products are; Global Broking, Energy & Commodities, Data &
Analytics, and Institutional Services.
3. The corporate leadership team of TP ICAP will consist of
central, global functions, providing support to Tullett Prebon,
ICAP, and all other brands in the TP ICAP group.
TP ICAP Executive Committee
Regional Leadership
Frits Vogels CEO ICAP EMEA , CEO TP ICAP EMEA
James Potter CEO Tullett Prebon EMEA, Deputy
CEO TP ICAP EMEA
John Abularrage CEO Tullett Prebon Americas,
CEO TP ICAP Americas
Nick Deflora* CEO ICAP Americas, Deputy CEO
TP ICAP Americas
Hugh Gallagher CEO ICAP APAC, CEO TP ICAP APAC
Barry Dennahy** CEO Tullett Prebon APAC, Deputy
CEO TP ICAP APAC
Business Leadership
Nicolas Breteau CEO, Tullett Prebon Global Broking
David Casterton CEO, ICAP Global Broking
Frank Desmond CEO, TP ICAP Data & Analytics
Andrew Polydor CEO, TP ICAP Energy & Commodities
Sam Ruiz CEO, TP ICAP Institutional Services
Corporate Leadership
Andrew Baddeley CFO, and Executive Director TP
ICAP plc Board
Group COO To be named
Carrie Heiss Group Head of HR, TP ICAP
Mihiri Jayaweera Group Head of Strategy, TP ICAP
Wendy Phillis Group Chief Risk Officer, TP
ICAP
Philip Price Group General Counsel & Head
of Compliance, TP ICAP
Rebecca Shelley Group Head Corporate Affairs,
TP ICAP
*= with special responsibility for Latin America
**= with special responsibility for the Japanese JV's
John Phizackerley, Tullett Prebon Chief Executive, who said:
"I am very pleased to announce the Global Executive Committee
structure, which will come into effect subject to the successful
closing of the TP ICAP transaction later this year. Tullett Prebon
and ICAP and their associated brands will remain separate and will
continue to compete. This is a strong group of experienced and
proven senior executives with an extensive track record across our
industry. I welcome them to the GEC and look forward to working
with them."
Completion of the Transaction remains subject to approval by
various regulatory bodies including the FCA and satisfaction of
other closing conditions. Tullett Prebon remains confident that the
Transaction is on track to close in 2016.
ENDS
Enquiries:
Tullett Prebon
Alexandra Wick, Marketing & Communications Director
awick@tullettprebon.com
+44 (0) 20 7200 7579
Brunswick
Kim Fletcher, Eilís Murphy, Craig Breheny
tullettprebon@brunswickgroup.com
+44 (0) 20 7404 5959
Note to editors:
Tullett Prebon (www.tullettprebon.com) is an award winning
global interdealer broker and operates as an intermediary in
wholesale financial markets facilitating the trading activities of
its clients in seven major product groups: Energy &
Commodities, Rates, Volatility, Treasury, Non-Banking, Credit and
Equities.
With offices in 24 countries, Tullett Prebon operates voice,
hybrid, electronic, volume matching, algorithmic matching and risk
mitigation platforms, to accommodate the needs of its clients, and
to satisfy the regulatory driven evolution of the marketplace. In
addition to its brokerage services, Tullett Prebon offers a variety
of market information services through its IDB Market Data
division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey,
Hong Kong, Singapore and Tokyo, with other offices, joint ventures
and affiliates in Bangkok, Connecticut Dubai, Frankfurt, Geneva,
Houston, Jakarta, Johannesburg, Luxembourg, Madrid, Manama, Manila,
Mexico City, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai,
Sydney, Toronto, Vienna and Warsaw.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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