TP ICAP confirms FCA approval of Nicolas Breteau
TP ICAP confirms it has received approval from the FCA of Mr Breteau’s appointment as Executive Director (CF1) at Tullet Prebon (Securities) Limited, ICAP Securities Limited and iSwap Euro Limited.
About four months after TP ICAP PLC (LON:TCAP) announced the appointment of Nicolas Breteau as Chief Executive, the company has confirmed that on November 14, 2018 it received regulatory approval from the Financial Conduct Authority (FCA) of Mr Breteau’s appointment as Executive Director (CF1) at Tullet Prebon (Securities) Limited, ICAP Securities Limited and iSwap Euro Limited.
Nicolas Breteau has extensive experience across the global broking industry. He joined Tullett Prebon as Chief Commercial Officer in 2016, and then moved to run TP ICAP’s largest business, Global Broking.
Mr Breteau commenced his career in 1993 on the Listed Derivatives Exchange MATIF (later part of Euronext). From 1993 to 1998, he held several senior positions at the derivatives broker FIMAT, including Deputy CEO of the Paris Office. He then moved to London as Head of Risk for EMEA, and subsequently became Deputy CEO then CEO of the FIMAT London Branch.
In 2005, Mr Breteau was promoted to CEO of EMEA, a position he consolidated after Newedge was formed through the merger of FIMAT with Calyon Financial in 2008. He was appointed Global Head of Sales and Front-Office in 2009 and became Chief Executive of Newedge Group in 2010. He moved from Newedge in 2014 following the sale of the company to Société Générale, and became Senior Managing Partner of a consulting firm, 99 Advisory.
Mr Breteau graduated from Ecole Superieure de Commerce de Bordeaux. He has been a director of several Boards including the Futures and Options Association (UK), Futures Industry Association (USA), Altura (Spain), Citic/Newedge (China) and has been the chairman of i-swap since February 2018.
Speaking of top management changes at TP ICAP, let’s recall 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.
