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TP Icap Ousts CEO
Chief executive John Phizackerley has left his post at TP Icap with immediate effect, the company has announced. In a statement, TP Icap chair Rupert Robson says, “The evolving landscape is driving up costs across our industry. The acquisition of Icap has given us greater scale to withstand this pressure. The potential for these combined businesses remains extremely compelling and this will be evidenced in the coming years. However, it has become clear that a change of leadership is required to execute our medium-term growth strategy and deliver the detail of the integration process.”

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