Tullett Prebon has named its global executive committee in anticipation of a successful completion of its deal to acquire Icap’s 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,” the firm says, adding that each member of the committee will report to John Phizackerley, the group chief executive.
The committee 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.
Nex Group has received regulatory approval from the Commodity Futures Trading Commission (CFTC) for a new Swap Execution Facility, Nex SEF (Nex SEF).
EBS is the technology provider to Nex SEF, but the trades are executed on the latter of these two platforms. The new SEF is expected to have onboarded customers and be live for trading in the second quarter of financial year 2017-2018. Nex says that its new SEF will serve as a platform that can be used to launch additional products in the future.
Profit & Loss understands that Tom Lovell has been named head of global broking for Asia-Pacific at TP-Icap, he will report to Barry Dennahy, CEO, TP-Icap for Asia-Pacific.
Based in Singapore, Lovell has for the last year been head of global broking, APAC, for Tullett Prebon, he has now been named to the role for the combined TP-Icap group.
Lovell moved to Singapore in mid-2017 after a five year spell as managing director for Tullett Prebon in Japan, prior to that he spent almost six years as divisional director for Icap in Sydney.