TP ICAP Regulatory News (TCAP)

TP ICAP PLC

14 December 2018

TP ICAP plc appointment of Chairman designate and Non-Executive Director changes

TP ICAP plc (the "Company") is today pleased to announce that Richard Berliand will join the Board as a Non-Executive Director and Chairman designate during the first quarter of 2019.

Mr Berliand is a global markets professional with extensive experience across the financial services sector, including a broad knowledge of exchange traded cash and derivative markets and post-trade services. During a 23-year career at JP Morgan, he worked across multiple asset classes and geographies. Prior to his retirement in 2011 he served as Managing Director, leading the global cash equities and prime services businesses.

He is currently a member of the Supervisory Board, and until recently Deputy Chairman, of Deutsche Börse AG, the Senior Independent Director and Chairman of the Remuneration Committee at Man Group plc, and a member of the Board of Rothesay Life Plc. He will be standing down from his role at Rothesay Life Plc in the first quarter of 2019 (following which his appointment to the Board of the Company will be confirmed), and standing down from his role at Deutsche Börse AG at its Annual General Meeting on 8 May 2019.

To ensure an orderly handover and transition of roles, the Board has requested that Rupert Robson, who earlier this year indicated his intention to retire after 12 years on the Board, the last six as Chairman, continues as Non-Executive Chairman until TP ICAP's Annual General Meeting on 15 May 2019. Mr Berliand will become Chairman at the conclusion of the Annual General Meeting.

The Company also announces that Carol Sergeant, who chairs the Board's Risk Committee, has advised that she will retire from the Board at the end of this year. David Shalders, who was appointed to the Board in February 2014 and who is a member of the Risk Committee, will succeed Ms Sergeant as Chair of the Risk Committee on an interim basis.

Finally, TP ICAP confirms that, as previously notified, Stephen Pull will also retire as a Non-Executive Director at the Company's Annual General Meeting in May 2019. Mr Pull will be succeeded as Chair of the Remuneration Committee by Lorraine Trainer, who was appointed to the Board in July 2018.

Rupert Robson said: "On behalf of the Board, I would like to extend huge thanks to both Carol and Stephen for their hard work and contribution as Board Committee Chairs and members of the Board and wish them both well for the future."

Angela Knight, Senior Independent Director, who led the process to appoint Mr Berliand, said:

"After a comprehensive search, the Board is very pleased to announce the appointment of Richard Berliand as the future Chairman of TP ICAP and Rupert's successor. Richard has a proven track record in the global financial markets in which the Company operates. His experience will prove invaluable as we build on our position as the world's largest inter-dealer broker and capitalise on the opportunities available in areas such as data & analytics.

"On behalf of the Board, I would also like to take this opportunity to thank Rupert for the enormous contribution he has made to the Company over the past 12 years, firstly at Tullett Prebon and latterly TP ICAP. Rupert's steady stewardship of the Company has led the Company through some challenging times and we all wish him every success in his future endeavours. We are delighted that he has agreed to stay on until May to ensure a smooth handover to Richard. And lastly, I would also like to extend my thanks to Carol and Stephen for their commitment to the Company."

There are no details that are required to be disclosed in respect of Mr Berliand's appointment under Paragraph 9.6.13(2) to (6) of the Listing Rules of the UK Listing Authority.

ENDS

For further information:

Analysts and Investors

Sam Dobbyn, Group Head of FP&A

Direct: +44 ﴾0﴿20 7200 7147

Email: Sam.Dobbyn@tpicap.com

Media

Jamie Dunkley, Group Media Relations Director

Direct: +44 (0) 20 7200 7524

Email: Jamie.Dunkley@tpicap.com

About TPICAP

TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology.

www.tpicap.com

About Richard Berliand

· Mr Berliand is an experienced Non-Executive board member and committee Chair with over 30 years of experience within the financial services sector.

· During his career at JP Morgan, he held senior roles as Global Head of Prime Services (2001-2011), Chairman of Market Structure Practice (2008-2010), Global Head of Cash Equities (2006-2009) and Co-Head of Euro-Government Bonds & Head of Global e-distribution (1996-2001).

· In addition to his Non-Executive appointments at Man Group plc, Deutsche Börse AG and Rothesay Life Plc, Mr Berliand's previous appointments include: Non-Executive Chairman of ITRS Group Ltd (2012 - 2017) and Non-Executive Director Mako Europe Ltd (2011-2016), member of the Financial Conduct Authority's Regulatory Decisions Committee (2013-2016) and Chairman of the Futures Industry Association (2006-2008).

· Mr Berliand earned an MA degree from Downing College, Cambridge University.