TP ICAP Names Former CFTC Director as Global Head of Compliance

Amir Zaidi worked at the US regulator for nine years.

With compliance becoming increasingly important for brokers, TP ICAP has managed to secure a seasoned former US financial regulator, Amir Zaidi, as its global head of compliance, according to Financial News London.

According to the report, in his role as global head of compliance, Zaidi will be based in New York and report to the group general counsel of TP ICAP, Philip Price.

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The interdealer broker has been strengthening its management team in recent months. As Finance Magnates reported, the company recently promoted Michel Planquart as the Chief Executive Officer (CEO) for its operations in the EMEA region.

Amir Zaidi joins TP ICAP from the CFTC

Zaidi joins the company after more than nine years with the US Commodity Futures Trading Commission (CFTC). His final position with the derivatives markets regulator was as a Director for the Division of Market Oversight.

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According to his LinkedIn profile, Zaidi first joined the US regulator back in 2010 as special counsel for the Division of Market Oversight. In this role, he provided counsel to the Commission regarding a variety of issues, including rule implementation as well as surveillance and market oversight programs, among other things.

Before he was at the CFTC, Zaidi briefly worked in market regulation for FINRA, where he researched and analyzed manipulations in the equity markets, such as front-running, spoofing, and marking the close, his LinkedIn states.

During his career, which spans for more than two decades, he has also been an analyst at the Federal Reserve Bank of New York, as well as an associate at Goldman Sachs and Arnold & Porter LLP.

Speaking on his new role to Financial News London, Zaidi said: “It is clear that regulators are very focused on the role of interdealer brokers in financial markets and their operation of trading venues in support of a wide range of clients. I hope to leverage my experience for TP ICAP and its clients and assist in the evolution of the firm’s compliance function.”

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