Icap hires Beeston to spearhead post-trade expansion

Icap hires Beeston to spearhead post-trade expansion

In line with its ambitions to expand into the trade processing arena, interdealer broker Icap has appointed Mark Beeston to the newly-created post of business development director for post-trade services.

A veteran of the over-the-counter derivatives business from a 13-year stint at Deutsche Bank, Beeston most recently served as president of Creditex subsidiary T-Zero.

He takes up his new role at Icap in London on 1 December and will report to chief operating officer Mark Yallop.

Says Yallop: "We have already established a strong presence in post trade services and plan to develop additional businesses in these areas. Mark will play an important role in the expansion of our existing businesses and the identification of new opportunities."

The appointment comes a month after Icap abandoned plans to acquire Anglo/French clearing house LCH.Clearnet.

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