TP ICAP Taps Veteran Banker Kath Cates as Non-Exec Director

Interdealer broker TP ICAP has hired Kath Cates, the former global chief operating officer for Standard Chartered Bank, as a non-executive director.

Cates will also take on the role of Chair of the Risk Committee, replacing the current interim head, Michael Heaney, who would retain his position on the TP ICAP board. The outgoing chair would also remain a member of the risk, remuneration and nominations & governance committees.

Kath brings nearly three decades of experience in a variety of roles in the financial services industry, both in the UK and overseas. She was previously global COO of Standard Chartered until 2013 and also spent 22 years at UBS, most recently in the firm’s Zurich office as global head of compliance.

During this long stint with the global banks, Cates led risk, IT, operations, legal and compliance, human resources, strategy, corporate affairs, brand, and marketing functions across 60 countries.

Additionally, she is a non-executive director at Brewin Dolphin Holdings plc, United Utilities Group plc, Threadneedle Investment Services, Threadneedle Pensions and Threadneedle Asset Management Holdings Sàrl.

Cates' Remit Is Global, and Her Role Will Cover Both the Tullett Prebon and ICAP Brands

Commenting on Cates' appointment, Richard Berliand, Chairman of TP ICAP plc, said: "We are delighted to welcome Kath to the Board of the Company. She brings extensive broad-based experience from a career working in a regulated environment in financial services both in the UK and abroad. This, combined with significant experience from her non-executive directorship roles, will enable her to make a strong contribution to our Board."

TP ICAP, which earns its bread from making markets in different asset classes, employs thousands of brokers that negotiate trades in markets, such as FX and commodities.

In 2019, it signed a multi-year deal with Refinitiv to expand its integrated global data across Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, fixed income, FX, derivatives, and commodities.

TP ICAP was established three years ago following Tullett Prebon’s acquisition of the voice-broking business from its former rival interdealer broker ICAP. TP ICAP’s data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term division is a provider of real-time price information from the global OTC financial and commodity markets, covering data from the wholesale inter-dealer brokered financial markets.