The original intent was made back in September – Mr. Torrens has worked at ICAP since 2006, where he started as its group treasurer, subsequently leading to his promotion to group financial controller in 2008.
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In the interim, ICAP will name David Ireland–chief financial officer, Group Finance, Tax and Treasury–as its temporary group finance director, pending a board appointment to find Mr. Torrens’ successor.
According to Michael Spencer, group chief executive officer of ICAP, in a statement on the departure, “During his time at ICAP Iain has made a meaningful and positive impact on the company as a valued member of the Board and as part of the senior management team. I want to thank Iain for the outstanding contribution he has made to ICAP and wish him success in the future.”