Tullett Prebon PLC Statement re transaction with ICAP (7802K)
September 26 2016 - 1:03AM
UK Regulatory
TIDMTLPR
RNS Number : 7802K
Tullett Prebon PLC
26 September 2016
For immediate release
26 September 2016
Update on the proposed acquisition of
ICAP's global hybrid voice broking and information business
Tullett Prebon plc ("Tullett Prebon"), one of the world's
leading interdealer brokers, announces that Ken Pigaga, Global
Chief Operating Officer of ICAP plc ("ICAP"), has decided not to
take up the position of Director and Chief Operating Officer of TP
ICAP on completion of the acquisition of the global hybrid voice
broking and information business of ICAP by Tullett Prebon ("the
Transaction").
An announcement regarding the role of Chief Operating Officer of
TP ICAP will be made in due course.
Tullett Prebon remains confident that the Transaction is on
track to close in 2016.
John Phizackerley, Tullett Prebon Chief Executive, said:
"On behalf of everyone at Tullett Prebon, I would like to thank
Ken for his work on the Transaction and wish Ken all the best for
the future. We have an excellent management team in place for TP
ICAP, drawn from the ranks of both companies, which will bring a
wealth of diverse experience, technical depth and outstanding
leadership qualities to the new group."
Ends
Enquiries:
Tullett Prebon
Alexandra Wick, Marketing & Communications Director
awick@tullettprebon.com
+44 (0) 20 7200 7579
Brunswick
Kim Fletcher, Eilis Murphy, Craig Breheny
tullettprebon@brunswickgroup.com
+44 (0) 20 7404 5959
Note to editors:
Tullett Prebon (www.tullettprebon.com) is an award winning
global interdealer broker and operates as an intermediary in
wholesale financial markets facilitating the trading activities of
its clients in seven major product groups: Energy &
Commodities, Rates, Volatility, Treasury, Non-Banking, Credit and
Equities.
With offices in 24 countries, Tullett Prebon operates voice,
hybrid, electronic, volume matching, algorithmic matching and risk
mitigation platforms, to accommodate the needs of its clients, and
to satisfy the regulatory driven evolution of the marketplace. In
addition to its brokerage services, Tullett Prebon offers a variety
of market information services through its IDB Market Data
division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey,
Hong Kong, Singapore and Tokyo, with other offices, joint ventures
and affiliates in Bangkok, Connecticut Dubai, Frankfurt, Geneva,
Houston, Jakarta, Johannesburg, Luxembourg, Madrid, Manama, Manila,
Mexico City, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai,
Sydney, Toronto, Vienna and Warsaw.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 26, 2016 02:03 ET (06:03 GMT)
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