The Board of TP ICAP plc has announced that Rupert Robson, Chairman of the Company, has informed the Board of his intention to retire from the role on 31 December 2018, the end of the Company’s current financial year.
Rupert Robson joined the Board of Tullett Prebon plc in January 2007 and became Chairman in March 2013. The Board will undertake a comprehensive search for a new Non-Executive Chairman, which will be led by Angela Knight, Senior Independent Director of the Company.
Rupert Robson commented:
TP ICAP has undergone enormous change in recent years. It is now the world’s largest inter-dealer broker. It is roughly halfway through the integration of the global voice and hybrid broking and information businesses formerly owned by NEX Group plc, which were acquired at the end of 2016.
After almost 12 years on the Board, and as the Company develops its strategy for the period following integration, it is timely for me to retire at the end of this year. This is part of the process of considering the Board’s composition in the current year, as I flagged in my governance letter to shareholders in the 2017 Annual Report. I look forward to the continued success of the Company in the coming years.
John Phizackerley added:
We thank Rupert for his enormous contribution to TP ICAP. Under his Chairmanship the group has been transformed, and looks to the future with a clear strategy for growth. I have thoroughly enjoyed working with him, and wish him well in his future endeavours.