Board of directors

We are led by an experienced board of directors and senior management team with extensive knowledge of the products, markets, regions and regulatory frameworks in which it operates.

Richard Berliand
Richard was appointed Chairman on 15 May 2019.
Richard combines detailed understanding of the financial services industry, especially in the field of market infrastructure, with recent and relevant Board experience. His extensive knowledge stems from a 23 year career at JP Morgan, where he served as Managing Director, most recently leading the global cash equities and prime service businesses. Richard was appointed as Non-executive Director of Man Group plc in January 2016, and subsequently as Senior Independent Director in May 2017. Richard was also appointed as a member of the Board of Rothesay Life Plc until February 2019, and as a member of Deutsche Börse AG’s Supervisory Board until May 2019.

Nicolas Breteau
Group CEO

Nicolas Breteau was appointed as Group CEO on the
10 July 2018. He joined Tullett Prebon as Chief Commercial Officer in 2016, and then moved to run TP ICAP’s largest business, Global Broking. Nicolas started his career in 1993 on the Listed Derivatives Exchange MATIF (later part of Euronext). From 1993 to 1998, he held several senior positions at the derivatives broker FIMAT, including Deputy CEO of the Paris Office. He then moved to London as Head of Risk for EMEA, and subsequently became Deputy CEO then CEO of the FIMAT London Branch. In 2005, Nicolas was promoted to CEO of EMEA, a position he consolidated after Newedge was formed through the merger of FIMAT with Calyon Financial in 2008. He was appointed Global Head of Sales and Front-Office in 2009 and became Chief Executive of Newedge Group in 2010. He moved from Newedge in 2014 following the sale of the company to Société Générale, and became Senior Managing Partner of a consulting firm, 99 Advisory. Nicolas graduated from Ecole Superieure de Commerce de Bordeaux. He has been a director of several Boards including the Futures and Options Association (UK), Futures Industry Association (USA), Altura (Spain), Citic/Newedge (China) and has been the chairman of iSwap Limited since February 2018. He is a trustee at PSE For a Child’s Smile UK, which helps deprived children in Cambodia.

Lorraine Trainer
Independent Non-executive Director

Lorraine Trainer was appointed to the Board in July 2018 and is a member of the Remuneration, Audit and Nominations and Governance Committees. She established her career in HR leadership across financial institutions including Citibank NA, London Stock Exchange and Coutts NatWest Group, before setting up the mentoring business at Manchester Square Partners. She also spent time at De Beers LV Ltd focusing on human resources and customer experience. She is currently a Non-Executive Director and member of the Board Nominations and Remuneration Committee of Sonae, and a Non-Executive Director and Chair of the Remuneration Committee at Essentra. She has previously served as the Senior Independent Director and Chair of the Remuneration Committee at Jupiter Fund Management, and as a Non-Executive Director and Chair of the Remuneration Committee at Colt Group and Aegis Group.

Edmund Ng
Independent Non-executive Director

Edmund Ng was appointed to the Board in November 2017 and is a member of the Remuneration, Risk and Nominations and Governance Committees. He is currently Chief Investment Officer and co-founder of Eastfort Asset Management, which was established in mid-2015 with Brummer & Partners in Sweden. Before setting up his own fund house, he was the Head of the Direct Investment Division of Hong Kong Monetary Authority (HKMA) between May 2007 and May 2015, responsible for managing the Region’s reserves. Prior to that, he spent 20 years at J. P. Morgan, where he worked in various trading functions and served as a Managing Director of Asia Ex-Japan trading for a number of years.    

Philip Price
Group General Counsel
Philip Price

Philip Price has extensive experience in the legal and regulatory aspects of financial services. Having worked in London and Hong Kong, he qualified as a solicitor at CMS in 1990 and subsequently joined Tiphook plc rising to the position of General Counsel and Company Secretary. He was Group Legal Adviser at Dresdner Kleinwort Wasserstein from 1995 to 1997 and was Managing Director and Head of EMEA Corporate Legal Services at UBS AG from 1997 to 2006. He was based in Monaco as General Counsel and COO at SRM Global Fund between 2006 and 2009 and was subsequently Company Secretary and General Counsel at Candover Investments plc from 2009 to 2012. Prior to joining Tullett Prebon plc in 2015 he was a partner and General Counsel at Arle Capital between 2012 and 2014

Philip graduated with a law degree from the University of Leicester and is admitted as a Solicitor of the Supreme Court of England and Wales.

He is an ambassador for Home-Start UK, a charity focused on the needs and welfare of pre-school children and their families.

Robin Stewart
Group Chief Financial Officer

Robin Stewart was appointed Chief Financial Officer on the 10 July 2018. Robin joined Collins Stewart Tullett plc in 2003 as Head of Tax, before becoming Head of Group Finance & Tax for Tullett Prebon plc in 2010. Prior to that he spent 13 years at Dresdner Kleinwort where he was Deputy Head of Tax, having started his career at Arthur Andersen. He was involved in CST plc’s acquisition of Prebon Yamane, the demerger of Collins Stewart from Tullett Prebon plc, and the recent acquisition of ICAP. Robin was appointed TP ICAP Interim CFO in November 2017 having been the Group Deputy CFO and Financial Controller at Tullett Prebon since 2010. He was educated at the University of Manchester gaining a BSc in Geography.

Roger Perkin
Independent Non-executive Director
Roger Perkin

Roger Perkin was appointed to the Board in July 2012. He is Chairman of the Audit Committee and a member of the Risk and Nominations and Governance Committees. He was a partner at EY and spent 40 years in the accounting profession before retiring from the firm in 2009. He was formerly a Non-executive Director at The Evolution Group plc until its acquisition in December 2011, Friends Life Group until its acquisition in April 2015 and Nationwide Building Society until July 2016. He is a Non-executive Director of Electra Private Equity plc and AIB Group (UK) plc and a Director of Hargreaves Lansdown PLC. He is a trustee of two charities, Chiddingstone Castle and The Conservation Volunteers.

Angela Knight
Senior Independent Non-executive Director
Angela Knight

Angela Knight CBE was appointed to the Board in September 2011. She is a member of the Audit, Risk, Remuneration and Nominations and Governance Committees. She was formerly the Chief Executive of Energy UK until 31 December 2014, the Chief Executive of the British Bankers’ Association from 2007 to 2012 and the Chief Executive of the Association of Private Client Investment Managers and Stockbrokers from 1997 to 2006. She was also formerly the Member of Parliament for Erewash from 1992 to 1997, serving as a Treasury Minister from 1995 to 1997. Her previous Non-executive Director appointments include Lloyds TSB plc, Scottish Widows, LogicaCMG plc, Transport for London, Port of London Authority and Brewin Dolphin Holdings plc. Angela was appointed as a Non-executive Director of Taylor Wimpey Plc on 1 November 2016 and Arbuthnot Latham & Co Ltd in October 2016. She was also Chair of Tilman Brewin Dolphin and the Office of Tax Simplification. Angela was appointed on 31 July 2018 as a member of the Board of Provident Financial plc. 

Michael Heaney
Independent Non-executive Director

Michael C Heaney was appointed to the board in January 2018. He is interim Chairman of the Risk Committee, and is a member of Remuneration and Nominations and Governance Committees. Michael has a long and distinguished career in financial services, having spent 28 years at Morgan Stanley in New York and London. He most recently served as Global Co-Head of the Fixed Income Sales and Trading Division. Michael was also a member of Morgan Stanley’s Operating Committee, Management Committee and Risk Management Committee.

    For more information on TP ICAP’s individual businesses, please visit:

  • Tullett prebon
  • ICAP
  • PVM