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.”

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