TP ICAP announces Board changes

Maria Nikolova

Lorraine Trainer plans not to seek re-election as a Director of the company at its next Annual General Meeting.

London

International interdealer broker TP ICAP Plc (LON:TCAP) today announces that Lorraine Trainer intends not to seek re-election as a Director of the company at its next Annual General Meeting to be held on May 13, 2020.

She will consequently be stepping down from TP ICAP’s Board after that meeting. Her decision reflects personal reasons.

In September 2019, TP ICAP said that Ms Angela Knight CBE would not be seeking re-election as a Director of the company at the AGM. However, in light of Ms Trainer’s decision, TP ICAP announces that Ms Knight has agreed to remain on the Board and will therefore seek re-election as a Director of the company at the AGM.

Ms Knight will remain TP ICAP’s Senior Independent Director and will also assume the Chair of the Remuneration Committee, of which she has been a member for some years, with effect from May 13, 2020. It is expected that Ms Knight will remain on the Board at the latest until the 2021 Annual General Meeting.

Richard Berliand, Chairman of TP ICAP plc, said:

“I’m delighted that Angela has agreed to remain on the Board for the near-term future. During these very uncertain times, her considerable knowledge and experience, not only from her time on the Company’s Board, but also gained from her other current and previous roles and positions, mean that she will continue to be an invaluable counsel to me and other members of the Board as we navigate the challenges ahead and continue in our Non-executive Director searches.”

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