Last month, Mr. Pettit was the casualty of a restructuring movement at ICAP, ending his tenure with the group. Mr. Pettit had been the Global Head of Financial Futures and Options at ICAP since December 2011.
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Mr. Pettit is slated to begin at ED&F Man at the beginning of 2015. Prior to joining ICAP, he worked in a similar role at MF Global for over 12 years, along with other senior futures roles.