ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces the appointment of Jenny Knott as CEO Post Trade Risk and Information Services.
Jenny joins ICAP from leading African financial services group Standard Bank Group where she was CEO of Standard Bank Plc and CIB International, and most recently Strategic Advisor to the Group CEOs.
Standard Bank is Africa’s largest banking group by assets and earnings. While at the company, Jenny held a variety of roles including Global Corporate and Investment Banking Chief Financial Officer, and Chief Operating Officer. Prior to this Jenny worked at Nomura for nine years and UBS for five years.
Jenny will sit on the Global Executive Management Group of ICAP, will be based in London and will report to Michael Spencer, Group Chief Executive Officer. She will join ICAP on 5 August 2015 and will be responsible for leading the strategic direction of the division. She will head the Traiana, TriOptima, Reset, Euclid and ICAP Information Services businesses.
Commenting on the announcement, Michael Spencer said: "This is an important hire for ICAP and for the key businesses within the Post Trade Risk and Information Services division. Jenny is impressive and suitably experienced, having spent her entire career in the global financial markets. The significant time she has spent in investment banking means she brings a valuable insight, as well as deep knowledge of the changing regulatory landscape and, crucially for ICAP, the opportunities this brings in the pre and post trade space. I am delighted Jenny is joining us, and I look forward to working with her as we continue to invest in expanding the innovative range of products and services of the division”.
ICAP’s Post Trade Risk and Information Services help users of financial products to reduce operational and system-wide risks. This increases the efficiency of trading, clearing and settlement and reduces costs. ICAP’s information business empowers customers to make trading decisions with market information across key asset classes.