Global executive committee

The Global Executive Committee (GEC) oversees the strategy and management of TP ICAP, and monitors and governs the commercial and financial performance across the regions, global business lines and global corporate functions.

The GEC is experienced in strategic and change management, building high-performing teams, risk management and setting high standards of professionalism and accountability.

John Phizackerley
Chief Executive Officer

John Phizackerley was appointed to the Board and as Chief Executive in September 2014. From 1986 to 2009 he held various positions in Lehman Brothers including Head of Equity Research, Head of Equity Sales in Europe, Global Head of Pan-European Cash Equities, Co-Head of European Equities and Chief Administrative Officer, Europe and Middle East. He remained with the firm following the Nomura acquisition in 2009 and held a number of positions, including Chief Operating Officer of Nomura International and Chief Executive Officer of Nomura Bank International, becoming Chief Executive Officer of Nomura International plc in 2011.

John Abularrage
CEO Tullett Prebon Americas, CEO TP ICAP Americas

John Abularrage has been the Chief Executive Officer and President of Americas region at Tullett Prebon plc since June, 2011.

Mr. Abularrage served as the Chief Executive Officer of North America at Collins Stewart plc from January 2009 to March 2011 and served as its Head of Equities for Collins Stewart plc, based in London from 2004 through 2008.  Mr. Abularrage served as the Head of European Securities and Head of Equities at Collins Stewart Plc. He joined Collins Stewart in 2001 as a Director, building the equities business in the US. Mr. Abularrage started his career at ABN Amro.

He was educated at the Georgetown University School of Business, gaining a BSc in Business Administration.


Andrew Baddeley
CFO, and Executive Director TP ICAP plc Board

Andrew Baddeley was appointed as Chief Financial Officer in May 2016. He qualified as a Chartered Accountant in 1987 and as a Chartered Tax Adviser in 1990, specialising in the taxation of insurance business while working for Ernst & Young and then PwC. In 1998 he joined General Re, where he served in a number of roles including, latterly, as Chief Financial Officer of its UK and Ireland operations. In 2007 Andrew was appointed Group Finance Director at Atrium, and in 2013, he joined Brit Insurance as Chief Financial Officer. He has considerable experience in the implementation of new financial reporting processes and systems, and IT platform upgrades. Andrew is a Non-executive Director at Cobalt Insurance Holdings Limited, where he chairs the Audit Committee, and is also a governor at Walthamstow Hall School.

Nicolas Breteau
CEO, Tullett Prebon Global Broking

Nicolas joined Tullett Prebon in 2016 as Chief Commercial Officer. In 1993, he joined the derivatives broker Fimat, where he held several positions, including Deputy General Manager of the Paris office until 1998. He then moved to London as head of Internal Control and Risk, and subsequently Deputy General Manager and CEO of the London branch. In 2005, he became CEO of EMEA (Europe, Middle East and Africa) Fimat, a position he retained after Newedge was created through a merger between Fimat and Calyon Financial in 2008.

In 2009, he was appointed Global Head of Sales and Front Office, and became CEO of Newedge group in 2010. In 2014, he became Senior Managing Partner of 99 Advisory. Nicolas graduated from Ecole Supérieure de Commerce de Bordeaux. He has been a director of several boards including Futures and Options Association (UK), Futures Industry Association (USA), Altura (Spain), and Citic/Newedge (China). He is a trustee at PSE For a Child's Smile UK, helping deprived children in Cambodia.


David Casterton
CEO, ICAP Global Broking

David was appointed to the Global Executive Management Group of ICAP in June 2008, as the representative for ICAP’s broking businesses in Europe, Middle East and Africa (EMEA). He took responsibility for the Global Broking Division in September 2012. From 1995 to 2008, David held various managerial roles after joining ICAP as Managing Director of Rates. He then worked as part of the senior management group through the mergers and acquisitions that took ICAP to the edge of the FTSE 100.

Before 1995, David was a director of the interest rate swaps businesses of Guy Butler and MW Marshalls. His City career started in the early 1980s as a trainee broker.


Barry Dennahy

Barry became CEO of Tullett Prebon Asia Pacific in 2008. He has extensive experience in the inter-dealing money broking business; and engages with banks, financial institutions and regulators. From his base in Singapore, he is responsible for managing Tullett Prebon’s Asian operations, which encompasses 10 regional offices.

In a career spanning more than 35 years, Barry has worked in the UK, US, Toronto and Hong Kong. After starting as a broker at Tullett & Riley in 1979 he held various roles including Assistant Vice President of Money Markets in New York, Vice President of Money Markets in Toronto and Director of Capital Markets for Tullett Liberty in London. He moved to the Asia Pacific region in 2004 as Regional Managing Director based in Hong Kong, and later became Chief Operating Officer based in Singapore before being made CEO of Tullett Prebon Asia Pacific.

Nick Deflora
CEO ICAP Americas, Deputy CEO TP ICAP Americas

Nick Deflora was appointed CEO Americas, ICAP Global Broking in 2014. He is responsible for managing ICAP’s global broking businesses in the Americas, including FX, energy and commodities, emerging markets, and credit and equities. He is also responsible for ICAP’s stand-alone businesses and board seats of several joint ventures in Latin America. 

Nick started with the firm in 1981 at Garvin Guy Butler (part of Garban plc), where he was a Trainee Broker on the Fed Funds desk. Garban plc merged with ICAP in 1999. Nick has held several roles throughout his time at ICAP – he was promoted to Assistant Vice President in 1988, Vice President in 1992, and Senior Vice President/Division Manager in 2002, assuming responsibilities for day-to-day operations for Garban Capital Markets. In 2010, all Latin America operations were added to his role.


Frank Desmond
CEO, TP ICAP Data & Analytics

Member of the Executive Committee at Global Interdealer Broker, Tullett Prebon plc and Chief Executive Officer of Tullett Prebon Information, the financial Information division of Tullett Prebon plc. A key member of Tullett Prebon’s senior leadership team with executive responsibility for Tullett Prebon Information with full P&L responsibility. TPI is a global business with operations in London, New York, Singapore, Shanghai, Tokyo and Vienna.

Prior to joining Tullett Prebon Information, he spent more than a decade at Reuters PLC in a range of legal and business roles. Frank began his career as a lawyer where he worked for several years at international law firm, Clifford Chance LLP. He was educated at University College Dublin. Married with two children Frank lives near London.


Carrie Heiss
Group Head of HR, TP ICAP

Carrie Heiss joined Tullett Prebon plc in London 2014 as the Group Head of Human Resources for the global Company and is a member of the Tullett Prebon Executive Committee.  As well as having responsibility for the development and execution of Tullett Prebon’s Human Resource strategy for the global workforce, Carrie has been instrumental in introducing a robust cultural framework that sets the standard of conduct that all employees adhere to and is Co-Chair of the Tullett Prebon Charitable Giving Governance Committee.

Prior to joining Tullett Prebon, Carrie was Global Head of Human Resources at NewEdge from 2009 to 2014 where she set up and developed a high calibre HR team. 

Carrie started her career in the technology sector at Digital Equipment Corporation, initially in Boston and later in NY.  She worked in a variety of HR roles, both as an HR business partner and organisational development specialist over her nine years with Digital. She transitioned to financial services in 1996, spending a brief period at Citibank as the HR Generalist for Capital Markets Operations in New York before joining Lehman Brothers in 1997 as the Senior HR Generalist for the global Finance division.  She moved to London with Lehman Brothers in 2000 and had a number of roles in the HR team before being appointed Head of Human Capital Management for Europe and the Middle East.

Carrie holds a BA from Michigan State University and an MBA from Boston University.


Mihiri Jayaweera
Group Head of Strategy, TP ICAP

Mihiri Jayaweera is Global Head of Strategy at TP ICAP. She has many years’ experience in strategy, business development, investment banking and mergers and acquisitions.

Before joining Tullett Prebon, Mihiri was Head of European Business Development at Lehman Brokers International where she expanded the business in Eastern Europe and Turkey and built joint ventures in the commodities and energy sectors. Prior to that she worked in investment banking at UBS AG where she covered a range of sectors and completed a wide variety of corporate transactions including mergers and acquisitions, joint ventures, initial public offerings and debt capital raisings. She started her career at Coopers & Lybrand (now PwC) where she trained in accountancy and tax.


Iain Plunkett
Group Chief Operating Officer, TP ICAP

Iain joined TP ICAP as Chief Operating Officer in May 2017. Iain has had a long career within Financial Services performing roles that involved material transformation & change objectives. Most recently he was Group COO and Group Executive Board member at Aberdeen Asset Management. Prior to this, Iain held senior roles in IT and Operations at Barclays and UBS. At Barclays he lead the transition to a shared-services business model in support of the regulatory environment such as UK ring-fencing & Dodd-Frank. As part of his role, Iain chaired the Barclays Regulatory Board. At UBS, where he spent over 15 years, Iain was Global CIO for both the Investment Bank and Corporate Centre. Iain graduated in 1992 from Strathclyde University with a B.Eng in Computer Science & Electronic Engineering.


Andrew Polydor
CEO, TP ICAP Energy & Commodities

As Global Head of Energy and Commodities, Andrew Polydor has built the largest energy and commodities broker in the world through organic growth and the acquisition of PVM in November 2014.

He started his career in foreign exchange with Tullett Forex in Australia in 1983, later moving to Charles Fulton in 1985. He transferred to London in 1989 and New York in 1990, where he became Vice President of Foreign Exchange. In 1998 Andrew switched to the energy markets after researching the deregulating market in Australia. He set up Prebon Energy Sydney, which quickly became the premier broker in the Australian power market. During this time he also set up Prebon Environmental Consultancy Services, a pioneer in the carbon markets. In 2000 Andrew was transferred to London by Prebon to run its growing energy business in Europe as Managing Director of Energy, EMEA, and was promoted to the position of Global Head of Energy and Commodities in 2008.

James Potter
CEO Tullett Prebon EMEA, Deputy CEO TP ICAP EMEA

In a career spanning more than 30 years, James has held a number of senior positions at Marshall, Prebon Yamane and Tullett Prebon. He is Chief Executive Officer at Tullett Prebon EMEA, and was previously Managing Director of the Treasury Division and Emerging Markets Division at Tullett Prebon.

James started his financial services career at Marshall Woellwarth & Company Limited in 1984 as a Foreign Exchange Dealers Assistant. In recent years he served as Managing Director of the Foreign Exchange & Cash Division and as Managing Director Foreign Exchange & Non Sterling Cash Division at Prebon Marshall Yamane.


Philip Price
Group General Counsel & Head of Compliance, TP ICAP

Philip has over 25 years' experience in the financial services sector. Before joining TP ICAP, he was a partner and COO at a European private equity firm. Prior to this, he was General Counsel and COO at an offshore hedge fund. He headed UBS Investment Bank's EMEA (Europe, Middle East and Africa) legal team between 1997 and 2005, and was Group Legal Adviser at Dresdner Kleinwort Wasserstein between 1994 and 1997.

Philip qualified as a solicitor in 1990. During his career, Philip has been based in London, Monaco and Hong Kong. In addition to membership of various professional committees and organisations, Philip is an ambassador for Home-Start UK.


Sam Ruiz
CEO, TP ICAP Institutional Services

Sam Ruiz is a member of TP ICAP’s Global Executive Committee (GEC), and Chief Executive Officer of the Institutional Services division. He is responsible for building a new global division that provides select buy side clients with a range of TP ICAP services and products, including pre and post trade services along with buy side to buy side brokerage services.

Sam started his financial services career on the floor of the London Stock Exchange at the time of the ‘Big Bang’. He joined Lehman Brothers in 1989 where he enjoyed a 20-year career in equities, focused on trading, based in New York and London.

In 2008, Sam moved to Nomura International where he was Senior Managing Director; Head of the Equities division, and a member of the Executive Committee.


Rebecca Shelley
Group Head Corporate Affairs, TP ICAP

Rebecca joined Tullett Prebon in September 2016 as Group Corporate Affairs Director. As a member of the Global Executive committee, she is responsible for devising and delivering the group’s global corporate affairs strategy. She has a key role in integrating ICAP's acquisition, developing the business’s narrative and building internal engagement. Additionally, she manages external relationships with key stakeholders, looking after media and investor relations, public affairs, corporate social responsibility (CSR), and marketing.

Rebecca has an undergraduate degree in Philosophy and Literature from Warwick University, and an MBA from London's City University Business School. She was most recently Group Corporate Affairs Director at Tesco plc. Rebecca is also a trustee of the Game and Wildlife Conservation Trust, and the Grange Festival in Hampshire.


Giles Triffitt
Group Chief Risk Officer, TP ICAP

Giles joined Tullett Prebon in 2015 as the Group Chief Risk Officer. With over 25 years' experience in the financial services industry, Giles has split his career between advisory roles with PwC and KPMG, and banking roles with Lloyds Bank and RBS. He has, over this time, had leadership roles in Technology, Operations and Risk as well as managed significant change programmes in a handful of major corporate mergers and integrations. Giles has designed and implemented control frameworks into wholesale and retail financial environments on a global scale.

Giles has an Honours Degree in Biochemistry.

Frits Vogels

Frits Vogels is CEO of EMEA Broking within ICAP’s Global Broking division. Frits joined ICAP in 1992 and during his 24-year career with the world’s leading interdealer broker, Frits has also been Managing Director of Rates, Money Markets and FX as well as Deputy CEO EMEA Broking between 2013 and 2014. Between 2002 and 2013 Frits was Managing Director of G11 Interest Rates in London and had joint responsibility for Emerging Markets, Managing Director of Swaps and Joint Managing Director of Euro OBS. Prior to this he worked in Banking with SNS Bank in Holland in 1988 for 2 years followed by 2 years at Haighton and Ruth.


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

  • Tullett prebon
  • ICAP
  • PVM
  • Mirexa Capital