London – 11 July 2011 - ICAP plc (IAP.L), the world’s premier interdealer broker and supplier of post trade risk and information services, today announced that Mark Price will be appointed Group Chief Operating Officer of the firm, subject to FSA approval.
He will have overall responsibility for Risk, Compliance and Human Resources and provide management oversight of ICAP’s Information Technology infrastructure. Mark will start on 3rd October 2011.
Michael Spencer, Group Chief Executive, ICAP plc said: "This appointment reflects our belief in maintaining the strong control environment and robust risk management we have developed as financial regulation is strengthened and market infrastructure changes. Mark brings a great depth and breadth of experience in the financial markets to the role and we are delighted to welcome him to ICAP’s senior management team.”
Mark Price joins ICAP from Deutsche Bank where he was Chief Operating Officer for Global Credit & Emerging Market Debt. While at Deutsche Bank he held a number of senior roles involving both business management and operating responsibilities, including the Deputy Head of the Transaction Management Group until January 2009. Prior to joining Deutsche Bank in 1998, Mark Price worked at Merrill Lynch in London as product controller for Credit Derivatives. From 1989 to 1995, Mark Price was a senior auditor at Ernst and Young.
It was announced in May 2011 that Mark Yallop, the current Group Chief Operating Officer had decided to leave the Group but would remain with ICAP until a replacement was appointed.