London,
19
December
2016
|
10:46
Europe/London

ICAP Energy appoints Kieran Walsh as Director of European Agricultural and Soft Commodities to launch new European broking desk

London, 19 December 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 Kieran Walsh as Director of European Agricultural and Soft Commodities to launch and manage a new European agricultural commodities desk. Kieran will report to Graham Francis, Head of EMEA Energy and Commodities, ICAP Energy, and will be based in London. The new desk will complement ICAP’s Agriculture and Softs teams in the United States.

Kieran joins ICAP from Aurel BGC in Paris, where he was a senior agricultural commodities broker. Prior to this Kieran held positions at GFI Group and as a physical grains trader in London.

In his role, Kieran will build a team and develop a European agricultural commodities offering for ICAP customers.

Kieran Walsh, said: “This is an extremely exciting time to be joining ICAP and building a European agricultural commodities desk within the largest clean balance sheet commodities broker in the market. Our market-leading position, superior execution platform and technology expertise allows us to provide our customers with a first class service. I look forward to working with ICAP Energy to diversify our commodities offering.”

Graham Francis, said: “We are pleased to welcome an experienced professional of Kieran's calibre to our European Commodities team. With strong demand for agricultural commodities in Europe, we believe it is an excellent time to expand ICAP's offering and we look forward to servicing new and existing customers in this venture.”

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About ICAP

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 plc (“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 rebranded NEX Group plc. Subject to the satisfaction of remaining conditions, ICAP and NEX expect the Transaction to complete on 30 December 2016.

NEX Group plc will be headquartered in London and will employ 1,800 people in offices worldwide.

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