Further shake-ups at TP ICAP, Sebastien Rozes appointed EMEA CEO

abdelaziz Fathi

TP ICAP, the world’s largest interdealer broker, has onboarded Sebastien Rozes to the role of regional CEO for EMEA, giving him oversight of risk and governance for the region.

Rozes, who has already assumed his new role last month, replaces Michel Planquart who had run TP ICAP’s business in Europe, the Middle East and Africa for two years. The interdealer broker, which matches buyers and sellers in the wholesale financial markets, had promoted the former Citi veteran to the role back in 2019.

Before joining TP Icap, Sebastien held senior roles at leading institutions including BNP Paribas, Merrill Lynch, ABN AMRO, ABN AMRO-Rothschild, RBS and most recently MUFG. He brings three decades of experience spanning across Equities, Fixed Income, FX, Rates, Financing and M&A, client coverage, regulation, risk and senior management roles.

Nicolas Breteau, CEO of TP ICAP, comments: “Innovation, regulation and clients’ needs are driving significant change in EMEA markets.  Sebastien’s deep financial services experience will be a great asset to TP ICAP as we respond to and anticipate these changes so that we remain well placed to execute our growth strategy.”

Sebastien Rozes said: “TP ICAP is at an exciting stage in its development.  It has market-leading client franchises, a clear strategy, and with the Liquidnet acquisition an opportunity to transform its growth trajectory.  I’m looking forward to working with Nicolas and the team to execute our plans.”

As the regional executive officer, Rozes will be tasked with the governance, conduct, culture and regulatory agenda in the EMEA region, which represents a growing part of TP ICAP’s business.

TP ICAP, which earns its bread from making markets in different asset classes, employs thousands of brokers that negotiate trades in markets, such as FX and commodities. The broker is expanding from its traditional voice business into data and services for asset managers, rather than working only for banks.

TP ICAP was established four years ago following Tullett Prebon’s acquisition of the voice-broking business from its former rival interdealer broker ICAP. TP ICAP’s data and analytics division is a provider of real-time price information from the global OTC financial and commodity markets, covering data from the wholesale inter-dealer brokered financial markets.

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