ICAP plc (LON:IAP), a leading markets operator and provider of post trade risk mitigation and information services, has found its new finance director in the insurance sector. The company announced today that Stuart Bridges will assume the role of Group Finance Director.
Mr Bridges joins from insurance group Hiscox Ltd (LON:HSX), where he has served as Chief Financial Officer since 1999. He is a main board director at Hiscox and member of the Executive Group where he is one of three executive directors leading the strategic direction of Hiscox.
Mr Bridges will sit on the Global Executive Management Group and Board of ICAP, will be based in London and will report to Michael Spencer, Group Chief Executive Officer.
Commenting on the announcement, Michael Spencer said: “Stuart brings valuable experience and an impressive track record in the global financial services industry and I am delighted that he is joining ICAP. His appointment marks the culmination of a comprehensive process to find the best candidate for this role.”
“It is an exciting time to be joining ICAP: we are focused on investing further in expanding our product portfolio and services into areas where we see potential and redeploying our energies on our market leading assets. Stuart will be a key part of the management team that will drive forward our strategy and I look forward to working with him”, he added.
Mr Bridges’ appointment to ICAP is subject to approval by the Financial Conduct Authority (FCA).
To view the official announcement by ICAP, click here.