ICAP appoints Stuart Connolly as Head of Client Product Development for Post Trade Risk and Information
London, New York, 21 November 2016 – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Stuart Connolly as Head of Client Product Development for its Post Trade Risk and Information (PTRI) division, effective Monday 21 November. In this newly created role, Stuart will report to Jenny Knott, Chief Executive Officer for PTRI and will be based in London.
With a strong track record of business delivery and growth, Stuart will work with each of ICAP PTRI’s businesses to leverage data and develop client data services through the identification of real life client use cases. He will provide insights and partner with the relevant data analytics teams in PTRI to build and launch a variety of complementary data services interoperable with PTRI’s businesses.
Stuart has over 20 years’ experience working in financial markets and joins ICAP from Goldman Sachs, where he was most recently Head of EMEA Derivatives Clearing Services, responsible for the OTC Credit and Rates franchise. Prior to that Stuart held a number of leadership roles in derivatives clearing and prime brokerage at Goldman Sachs and was responsible for all aspects of new business, existing business optimisation and operational processes.
Jenny Knott, CEO of PTRI, said: “Across the PTRI portfolio we have a tremendous amount of enriched data that could provide significant value to our clients. I am delighted to have Stuart join the team, and with his experience and deep understanding of the transaction lifecycle and post trade landscape, I strongly believe he will play a pivotal role in identifying the growth opportunities across PTRI.”
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com
ICAP announced in November 2015 that it intends to sell its global hybrid voice broking and associated information business to Tullett Prebon, including ICAP's associated technology and broking platforms (including iSwap and Fusion) and certain of ICAP’s joint ventures and associate companies (“IGBB”). On completion of the transaction with Tullett Prebon, the ICAP brand will be transferred to Tullett Prebon and the remaining ‘NewCo’ business comprising of Post Trade Risk and Information services and Electronic Markets will be renamed NEX Group plc.
NEX Group plc will be headquartered in London and will employ 1,800 people in offices worldwide.