TP ICAP appoints Richard Berliand as Chairman

Maria Nikolova

Richard Berliand will join the Board as a Non-Executive Director and Chairman designate during the first quarter of 2019.

TP ICAP PLC (LON:TCAP) is making further changes at the top. In a filing with the London Stock Exchange, the company announced that Richard Berliand will join the Board as a Non-Executive Director and Chairman designate during the first quarter of 2019.

Mr Berliand is currently a member of the Supervisory Board, and until recently Deputy Chairman, of Deutsche Börse AG, the Senior Independent Director and Chairman of the Remuneration Committee at Man Group plc, and a member of the Board of Rothesay Life Plc. He will be standing down from his role at Rothesay Life Plc in the first quarter of 2019 (following which his appointment to the Board of the Company will be confirmed), and standing down from his role at Deutsche Börse AG at its Annual General Meeting on May 8, 2019.

Mr Berliand is an experienced Non-Executive board member and committee Chair with more than 30 years of expertise within the financial services sector.

During his career at JP Morgan, he held senior roles as Global Head of Prime Services (2001-2011), Chairman of Market Structure Practice (2008-2010), Global Head of Cash Equities (2006-2009) and Co-Head of Euro-Government Bonds & Head of Global e-distribution (1996-2001).

In addition to his Non-Executive appointments at Man Group plc, Deutsche Börse AG and Rothesay Life Plc, Mr Berliand’s previous appointments include: Non-Executive Chairman of ITRS Group Ltd (2012 – 2017) and Non-Executive Director Mako Europe Ltd (2011-2016), member of the Financial Conduct Authority’s Regulatory Decisions Committee (2013-2016) and Chairman of the Futures Industry Association (2006-2008).

Mr Berliand has an MA degree from Downing College, Cambridge University.

To ensure an orderly handover and transition of roles, the Board has requested that Rupert Robson, who earlier this year indicated his intention to retire after 12 years on the Board, the last six as Chairman, continues as Non-Executive Chairman until TP ICAP’s Annual General Meeting on 15 May 2019. Mr Berliand will become Chairman at the conclusion of the Annual General Meeting.

The Company also announces that Carol Sergeant, who chairs the Board’s Risk Committee, has advised that she will retire from the Board at the end of this year. David Shalders, who was appointed to the Board in February 2014 and who is a member of the Risk Committee, will succeed Ms Sergeant as Chair of the Risk Committee on an interim basis.

Finally, TP ICAP confirms that, as previously notified, Stephen Pull will also retire as a Non-Executive Director at the Company’s Annual General Meeting in May 2019. Mr Pull will be succeeded as Chair of the Remuneration Committee by Lorraine Trainer, who was appointed to the Board in July 2018.

Let’s recall that, in November this year, TP ICAP confirmed it received regulatory approval from the Financial Conduct Authority (FCA) of Nicolas Breteau as Executive Director (CF1) at Tullet Prebon (Securities) Limited, ICAP Securities Limited and iSwap Euro Limited.

Speaking of top management changes at TP ICAP, let’s also mention that, in September this year, the company announced the appointment of Philip Price as an Executive Director.

The decision about the promotion was made following a review of the balance of Non-Executive versus Executive representation. The Nominations and Governance Committee has determined that in order to maintain a sufficient contribution from the Executive team, Philip Price, who is TP ICAP’s Group General Counsel and Global Head of Compliance, would be appointed to the Board as an Executive Director.

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