TP ICAP, London based financial service provider more popularly known as world’s largest interdealer broker recently released an update revealing two important changes made to the firm’s leadership team. The UK based interdealer broker has hired a new executive to serve as head of its global compliance program while also revealing that one of its long-standing board member will be stepping down from her role. As per statement released by the firm, it has hired industry veteran Amir Zaidi to serve as its head of global compliance division and in his new role as head of the compliance division he will be reporting directly to Philip Price – Group General Counsel and Executive Direction at the firm. Amir is an industry veteran with more than two decades of experience spanning across financial services, risk and regulatory compliance and legal sectors. His appointment came into effect during first week of September as per the update. The incoming head of global compliance division had been serving in several key roles at US Commodity Futures Trading Commission for nearly 6 years before taking up his current role at the firm.
Amir joined US CFTC as Chief Counsel & Policy Advisor for the office of Commissioner Scott D.O’ Malia back in October of 2013 and moved on to office of Commissioner Christopher Giancarlo on August of 2014 where he served as Legal Counsel & Policy Advisor. He was then promoted to role of Director for division of market oversight in January of 2017 and held on to this role until his resignation from the regulatory body last month. Prior to US CFTC, he served as a part of Market Regulation team at US based self-regulatory organization FINRA which was formed from merger of regulatory arms of NYSE and NASD. Before his stint with US-based regulatory organisations, he serve as an Associate at Washington based law firm Arnold & Porter LLP and served in capacity of Summer Associate at Baltimore based law firm McGuire Woods LLP. Amir started his career as an Analyst at Federal Reserve Bank of New York and also served as an Associate at Goldman Sachs for a brief period of time before moving on to legal sector.
Commenting on his new role at the firm, Amir stated, “I am delighted to be joining TP ICAP. It is clear that regulators are very focused on the role of interdealer brokers in financial markets and their operation of trading venues in support of a wide range of clients. I hope to leverage my experience for TP ICAP and its clients and assist in the evolution of the firm’s compliance function”.
Speaking about Amir’s appointment at the firm, Nicholas Breteau – Chief Executive Officer of TP ICAP commented, “I am very pleased that Amir will be joining TP ICAP. Amir brings a vast amount of regulatory experience in our sector which will be critical for TP ICAP as we continue to develop our world class compliance function in support of our market leading and diverse range of businesses across wholesale financial markets and the growing data and analytics sector”.
Moving on to changes in the firm’s board, the statement released earlier this week stated that one of its non-executive director and long standing board member Ms. Angela Knight will be stepping down from her post this year and will not be competition for the role during the firm’s re-election scheduled during its next annual general meeting. Ms. Angela has been a part of the firm’s board since September of 2011 and has been a part of the firm for eight years now. The update also revealed that as of 25th September 2019 she had been appointed as member of board at Encore Capital Group Inc, a California headquartered NASDAQ listed financial service provider.
Source:
https://otp.tools.investis.com/clients/uk/tp_icap/rns/regulatory-story.aspx?cid=1997&newsid=133
https://www.tpicap.com/media/press-releases/2019/Global%20Head%20of%20Compliance%20appointment 2288
https://theindustryspread.com/tag/market-intelligence-branch/
