Directorate Change

22 Nov 2005 07:03

ICAP PLC22 November 2005 Press Release ICAP announces that its Group Finance Director will leave in 2006 London, 22 November, 2005 - ICAP plc (IAP.L), the world's largest interdealerbroker announces that its Group Finance Director, Jim Pettigrew, will leave thecompany in 2006. Mr Pettigrew has decided, after 7 years in this role, to pursuehis career outside ICAP. It has been mutually agreed that Mr Pettigrew willcontinue in his position until a successor is in place or by 30 September 2006,which ever is the earliest. A firm date for a handover will be announced once the recruitment process iscompleted. Michael Spencer, Group Chief Executive of ICAP, said "ICAP has expandedenormously from a £200m to a £2.2 billion capitalisation company since JimPettigrew became finance director in 1999. His commitment to ICAP's success hasbeen outstanding and I am sure that his move to a new challenge next year willbe equally successful." Mr Pettigrew has recently been appointed a non-executive director of EdinburghInvestment Trust plc. Enquiries Mike Sheard Director of Corporate Affairs, ICAP (44) 20 7050 7103 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 markets for OTC derivatives, fixed income securities, moneymarket products, foreign exchange, energy, credit and equity derivatives. Pleasego to www.icap.com for more information. This information is provided by RNS The company news service from the London Stock Exchange