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TP ICAP appoints Richard Berliand as its new chairman

Published: 07:31 14 Dec 2018 GMT

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Berliand will become chairman at the conclusion of TP ICAP's AGM in May 2019

TP ICAP PLC (LON:TCAP) on Friday said Richard Berliand would join its board as a non-executive director and chairman designate early next year.

During a 23-year career at JP Morgan, Berliand 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.

READ: RBC initiates TP ICAP as ‘Top Pick’, sees key brokerage franchises as “underappreciated”

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, and a member of the board of Rothesay Life.

He will be standing down from his role at Rothesay Life Plc in the first quarter of 2019 and stands down from his role at Deutsche Börse AG at its annual general meeting (AGM) on 8 May 2019.

The inter-dealer broker said, it had asked Rupert Robson, who earlier this year indicated his intention to retire after 12 years on the board, the last six as chairman, to continue as chairman until TP ICAP's annual general meeting on 15 May 2019 to ensure an orderly transition. Berliand will become chairman at the conclusion of the AGM, the company said.

“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,” Angela Knight, TP ICAP’s senior independent director, who led the process to appoint Mr Berliand, said in a statement.

The company added that Carol Sergeant, who chairs the board's risk committee, had announced her intention to retire from the board at the end of this year. David Shalders will succeed Sergeant as chair of the risk committee on an interim basis, the firm said.

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