ICAP, a provider of post trade risk mitigation and information services, has announced its newest senior appointment, tapping Guy Rowcliffe as its newest Head of Asia Pacific (APAC), for ICAP’s Post Trade Risk and Information Services (PTRI), per a company statement.
Mr. Rowcliffe has been the acting Chief Executive Officer (CEO) of RESET and has run the business for ICAP since 2009. In the newly created role he will be tasked with oversight of the APAC region, as well as the overall strategy for ICAP’s PTRI business – in this capacity he will be representing the company amongst regulators and other industry entities.
Newly Expanded Role
Despite taking on a multitude of new responsibilities, Mr. Rowcliffe will continue to serve as the CEO of RESET and will be reporting to Jenny Knott, CEO of ICAP’s PTRI division. Prior to the appointment, Mr. Rowcliffe worked for over two decades in the financial services industry, mostly with post trade services and interest rate derivatives markets in Asia and London.
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According to Ms. Knott in a recent statement on the appointment: “Asia Pacific continues to be hugely important for us, both as part of the ICAP Group and in our imminent re-incarnation as NEX. While some of our businesses have a more established presence in Asia Pacific, we have seen a great deal of opportunity to extend our entire offerings to our many clients in the region.”
“I’m delighted that Guy has taken on this expanded role, and I believe he will play a crucial part in helping us transform local market structure through an integrated portfolio of transaction lifecycle services,” she added.
“The evolving regulatory landscape brings with it many challenges and opportunities. PTRI’s mantra has long been to mitigate risk, increase efficiency, reduce costs and streamline increasingly complex processes for our clients, while optimising both regulatory and financial resources. Developing a local strategy tailored to the region’s unique challenges is key to the growth of our PTRI division in Asia Pacific and I look forward to working with Jenny and our local business heads to deliver this,” explained Mr. Rowcliffe in an accompanying statement.