Chris Ferreri is planning to leave Icap after more than 30 years with the brokerage, Profit & Loss understands.
Based in New York Ferreri is currently a managing director and head of e-commerce for the Americas at Icap and also represents the brokerage as the chairman of the Wholesale Market Brokers' Association Americas (WMBAA).
A spokesperson at Icap confirmed Ferreri's planned departure and that he would be consulting once he leaves. P&L understands that he will remain with the firm for several more months and will continue to function as WMBAA chair during that time.
"I have been in the business for more than 30 years and am very proud of the industry. Our first priority is to promote fair, transparent and liquid markets. I am grateful for the opportunities that this industry has provided and am proud of the solutions we have delivered to increase the liquidity, safety and soundness of our markets,” said Ferreri at the SEFCON V conference in New York earlier this month.