TP ICAP announces David Shalders to leave Board of Directors

Maria Nikolova

This follows the announcement by London Stock Exchange of his appointment as Chief Integration Officer and a member of the Executive Committee at LSEG.

Interdealer broker TP ICAP PLC (LON:TCAP) has announced that David Shalders will step down from its Board of Directors. The change is effective October 30, 2019.

This follows today’s announcement by London Stock Exchange Group plc of Mr Shalders’ appointment, in November 2019, as Chief Integration Officer and a member of the Executive Committee at LSEG.

David Shalders was appointed to the Board of TP ICAP in February 2014. He is Chairman of the Risk Committee and is a member of the Remuneration, Audit and Nominations and Governance Committees.

David Shalders

He is Group Operations & Technology Director at Willis Towers Watson plc, responsible for IT, operations, real estate and change management functions. Mr Shalders joined Willis Towers Watson from the Royal Bank of Scotland Group where he served for over a decade in senior operations and IT roles, most recently as Global Chief Operating Officer for Global Banking and Markets. He also led the division’s regulatory response to Basel 3. Prior to that, he led the Group’s integration with ABN Amro and held roles as Head of London and Asia Operations and Head of Derivative Operations for NatWest.

TP ICAP says it will announce a replacement for David Shalders in due course but in the meantime Michael Heaney, who has been a Non-executive Director of TP ICAP and member of the Risk Committee since January 2018, will assume the Chairmanship of the Risk Committee on an interim basis with effect from October 30, 2019.

Richard Berliand, Chairman of TP ICAP, said: “On behalf of the Board, I would like to thank David for his valuable contribution to our Group over the past six years, and we wish him well for the future.”

Read this next

Digital Assets

Binance CZ refutes any connection with CommEX

Changpeng “CZ” Zhao, the founder and CEO of Binance, has denied being the owner of CommEX, the company that reportedly acquired Binance’s business in Russia.

Institutional FX

Refinitiv’s spot FX volumes hit 8-month low

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $424 billion last month on the company’s main FX trading services.

Executive Moves

Integral hires industry veteran Paul Arnold as liquidity manager

Integral, a technology provider to the financial markets’ buy-side, has appointed Paul Arnold, a highly experienced FX industry professional, as its liquidity manager, according to information made public on his Linkedin profile.

Digital Assets

Terraform’s Do Kwon challenges US extradition request

Do Kwon, the crypto entrepreneur and former CEO of Terraform Labs, is opposing the U.S. Securities Exchange Commission’s request to question him about the crash of his company’s stablecoins Terra and Luna.

Digital Assets

Coinbase gets nod to offer futures for retail customers

Coinbase International Exchange has received regulatory approval from Bermuda’s financial regulator, the Bermuda Monetary Authority (BMA), to allow eligible non-US retail customers to trade perpetual futures contracts.

Inside View

How brokers can win the trading tech wars: Insights from iFX EXPO 2023

Last week’s iFX EXPO International 2023, held at the City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus, welcomed a series of insightful discussions. A panel that particularly stood out focused on the role and evolution of trading technology.

Crypto Insider

Web3 Transformation: Radix’s Babylon Update Redefines User and Developer Engagement

Radix Publishing leaps forward in the decentralized world with the release of the Babylon mainnet upgrade, bridging the gap between innovative tech and user-friendly DeFi experiences.

Digital Assets Joins Forces with PayPal and Paxos for Enhanced PYUSD Exchange Experience collaborates with PayPal and Paxos to fortify its position as the premier exchange for PYUSD, marking a significant milestone in the global crypto landscape.

FXCM Coverage, Metaverse Gaming NFT

Metagood Introduces A Prime Destination for Elite Bitcoin Ordinal Collections

Metagood unveils, setting a new gold standard for curated Bitcoin Ordinal collections, transforming the landscape of luxury NFTs.