IAP.L Regulatory News (IAP)

25 May 2006 14:00

ICAP PLC25 May 2006 ICAP announces the appointment of Matthew Lester as new Group Finance Director London, 25 May 2006. ICAP plc (IAP.L) the world's largest interdealer broker,announces the appointment of Matthew Lester as Group Finance Director. It isanticipated that he will be free to commence his appointment within six months. Michael Spencer, Group Chief Executive of ICAP, commented "I am delighted thatthe Board has appointed Matthew Lester as Group Finance Director, after a fulland thorough search process. ICAP will certainly benefit from the strongtechnical skills and broad experience in a large public company which qualifiedhim as the best candidate." Matthew Lester ACA (42) has worked for Diageo plc since 1996, most recently asGroup Financial Controller where he was responsible, as head of FinancialPlanning and Reporting, for the overall performance management of Diageo and allexternal reporting. Between 2003 and 2005 he was Group Treasurer and prior tothat Regional Finance Director, Diageo Key Markets from 2000. After qualifyingwith Arthur Andersen in 1987 he moved in 1988 to Kleinwort Benson, working incorporate finance. It was announced on 22 November 2005 that Jim Pettigrew, the current GroupFinance Director, had decided to pursue his career outside ICAP. Mr Pettigrewwill leave the company on 2 June 2006. Mark Yallop, ICAP's Group Chief OperatingOfficer, will take over the Group Finance Director's responsibilities untilMatthew Lester is free to take up his position. Notes: There are no details required to be disclosed in relation to paragraph 16.4 (b)of the Financial Services Authority Listing Rules in relation to Matthew Lester. Contacts: Michael Spencer Group Chief Executive (44) 20 7050 7400Mike Sheard Director of Corporate Affairs (44) 20 7050 7103Neil Bennett The Maitland Consultancy (44) 20 7379 5151 About ICAP: ICAP is the world's largest interdealer broker and following the acquisition ofthe BrokerTec fixed income securities businesses is the world's leadingelectronic broker of fixed income securities with a daily average transactionvolume in excess of $1 trillion, 50% of which is electronic. The Group is activein the wholesale market for OTC derivatives, fixed income securities, moneymarket products, foreign exchange, energy, credit and equity derivatives. Formore information go to www.icap.com This information is provided by RNS The company news service from the London Stock Exchange