IAP.L Regulatory News (IAP)

15 May 2008 14:15



Press Release 

John Nixon to join ICAP board

London, 15 May, 2008 - ICAP plc (IAP.L), the world's premier interdealer broker, announces that John Nixon has joined the board of ICAP plc as an executive director.

Michael Spencer, Group Chief Executive Officer, commented, "I am very pleased that John Nixon has become an executive director of ICAP. With 30 years experience in the interdealer broking industry, involving both voice and electronic broking, he brings a very valuable perspective to the board. As CEO of ICAP's electronic broking division he is responsible for a central part of our strategy - accelerating the growth of our electronic broking business and creating the global OTC exchange."

Contacts:

Michael Spencer Group Chief Executive Officer +44 (0) 20 7050 7400

Mike Sheard Director of Corporate Affairs  +44 (0) 20 7050 7103

Neil Bennett Maitland  +44 (0) 20 7379 5151

About John Nixon:

John Nixon is Chief Executive Officer of ICAP Electronic Broking. He is also responsible for strategic acquisitions as well as ICAP's Information business. Prior to his full time involvement with ICAP since 2004 he was a non-executive director of ICAP plc from 1999 to 2002. He was previously Chief Executive Officer of Tullett and Tokyo Forex, now part of Tullett Prebon, where he worked from 1978 to 1997 in Toronto, London and New York. He is aged 52.

About ICAP:

ICAP is the world's premier voice and electronic interdealer broker, delivering specialist intermediary broking services to trading professionals in the wholesale financial markets. The group covers a very broad range of OTC (over-the-counter) financial products and services in energy, foreign exchange, interest rates, credit and equity markets, as well as data, commentary and indices. ICAP's daily average transaction volume is in excess of $1.5 trillion, more than 60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com