REG - Tullett Prebon Plc - TP ICAP Global Executive Committee <Origin Href="QuoteRef">TLPR.L</Origin>

TP IcapAnnouncement

03/10/2016 14:35

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. TullettPrebon 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, Eils 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, So Paulo, Seoul, Shanghai, Sydney, Toronto, Vienna and Warsaw.

This information is provided by RNS
The company news service from the London Stock Exchange
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