ICAP appoints new Group Chief Risk Officer

London, 3 April 2014 - ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces that it has appointed Wendy Phillis as Group Chief Risk Officer.

Wendy will report to Ken Pigaga, Group Chief Operating Officer, and be based in London. She will join the Group on April 14, 2014.

Ms Phillis joins ICAP from State Street Global Markets where she has served since 1998 and where she was most recently Chief Operating Officer, EMEA. Prior to this she was Head of Risk Management for EMEA and Head of Risk and Compliance for State Street’s asset servicing business in EMEA.

Wendy will take over from Colin Smith, ICAP’s current Group Chief Risk Officer, who has decided to retire from the industry.

Wendy will assist ICAP’s business units and shared services to continue to embed risk management in their processes, projects and change management practices.  One of her focus areas will be the further development of Operational Risk across the Group.

Commenting on the appointment, Michael Spencer, Chief Executive Officer of ICAP, said: “In today’s financial world, a strong risk management function is vital. Wendy will be pivotal in overseeing and further developing the global and integrated risk framework function within ICAP and she joins us with a strong track record. I would like to thank Colin for his service over these past three years and wish him the best for the future.”

For further information, please contact:

Serra Balls Acting Head of Corporate Communications +44 (0) 20 7050 7103
Rebecca Mitchell Maitland +44 (0) 20 7379 5151

Notes to Editors
Wendy Phillis joined State Street in January 1998. She held a series of senior roles including leading a team of more than 80 operations professionals providing middle- and back-office support to State Street’s trading businesses including foreign exchange, transition management, futures clearing and securities lending.

Wendy previously worked at Price Waterhouse from 1997-1998 as a Consultant. She has also worked at Fidelity Investments, and Investors Bank & Trust Company.

Wendy has a Masters’ of Business Administration Degree (MBA) from Simmons College Graduate School of Management and a Bachelor of Science Degree from Dickinson College where she Majored in Physics and Minored in Mathematics.