Angus Wink will retire from Tullett Prebon having served at the firm for 26 years. He will be replaced as CEO Tullett Prebon EMEA by James Potter, managing director in the treasury and emerging markets divisions.
Wink plans to become an independent adviser and will continue to provide counsel to Tullett from early next year.
Wink became Tullett Prebon’s chief executive for the EMEA region in 2008 and joined the group’s executive committee. Before that he managed the rates division after Tullett bought Prebon in 2004, having become a managing director in 2001. Wink joined Tullett & Tokyo Forex as a money broker in 1989.
Last week it emerged that Icap’s chief operating officer Ken Pigaga would not join Tullett as had previously been expected. That leaves the combined group COO to be named.
On Monday, Tullett confirmed TP ICAP global executive committee appointments, subject to the £1.1bn acquisition of Icap being completed. Reporting to John Phizackerley, group chief executive, the GEC will oversee the strategy and management of TP ICAP. It will monitor and govern the commercial and financial performance of the combined business across regions, global business lines and global corporate functions.
Tullett Prebon, ICAP and their associated brands will be operated separately and they will continue to compete. Each region will also continue to be managed separately by Tullett Prebon and ICAP regional CEOs, as well as a single TP ICAP regional head.
Within this structure, Frits Vogels will be CEO of both ICAP EMEA and TP ICAP EMEA. In addition to CEO Tullett Prebon EMEA, Potter will serve as deputy CEO TP ICAP EMEA.
John Abularrage will be CEO Tullett Prebon Americas and CEO TP ICAP Americas. Nick Deflora will be CEO Icap Americas and deputy CEO TP ICAP Americas, with special responsibility for Latin America.
Hugh Gallagher will be CEO ICAP Asia Pacific and CEO TP ICAP APAC. Barry Dennahy will be CEO Tullett Prebon APAC as well as deputy CEO TP ICAP APAC, with special responsibility for the group’s Japanese joint ventures.
The group’s regional management will be balanced by global product lines, covering global broking, energy and commodities, data and analytics, as well as institutional services.
Within the global product lines, Nicolas Breteau will be CEO for Tullett Prebon global broking, while David Casterton will be CEO for ICAP global broking. Frank Desmond will be CEO for TP ICAP data and analytics, while Andrew Polydor will be CEO for TP ICAP energy and commodities, and Sam Ruiz CEO for TP ICAP institutional services.
TP ICAP’s corporate leadership team will comprise central, global functions. Andrew Baddeley will be chief financial officer and executive director of the TP ICAP plc Board Group, Mihiri Jayaweera group head of strategy for TP ICAP, Wendy Phillis group chief risk officer, TP ICAP, and Philip Price group general counsel and head of compliance.