Tullett Prebon adds Andrew Baddeley as CFO, Paul Mainwaring Steps Down

According to filings with the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, Tullett Prebon plc, listed under the ticker symbol TLPR, today announced the appointment of Andrew Baddeley as the new Chief Financial Officer at the company.

Mr. Baddeley’s predecessor Paul Mainwaring is stepping down after almost a decade as Group Finance Director, according to the update.

As part of the new role, Mr. Baddeley will also join Tullett Prebon’s Board as an Executive Director, to commence a week from today on May 13^th, while his appointment as an executive officer begins with immediate effect, as per the update.

At the same time, I want to thank Paul Mainwaring for his enormous contribution to our firm over almost a decade.

Public company CFO expertise

Mr. Baddeley brings nearly 30 years experience in financial services within the UK and internationally, and most recently served as CFO at Brit Insurance Group – a Lloyds-based insurance group that went public in 2014.

According to information on a public LinkedIn profile, he had ended his tenure with his prior firm towards the end of last year. He is a chartered accountant in the UK and a member of the Chartered Institute of Taxation.

Before his last role, Mr. Baddeley was Group Finance Director at the Lloyd’s insurance firm Atrium, and previously held senior financial positions at General Re – a Berkshire Hathaway subsidiary, and earlier in his career he was at Ernst & Young (EY) and PricewaterhouseCoopers (PwC).

CEO thanks outgoing director

Commenting on the management change, Tullett Prebon CEO John Phizackerley said: "I am delighted to welcome Andrew to Tullett Prebon and am looking forward to his contribution to our team and the Board. Andrew has almost thirty years' experience in the financial services industry and he will be a great addition to my team."

Mr. Phizackerley added: "At the same time, I want to thank Paul Mainwaring for his enormous contribution to our firm over almost a decade. Paul has been a highly effective and dedicated Finance Director during his time with Tullett Prebon. He has headed the Group's finance function with great skill and effectiveness, maintaining discipline over costs, cash and capital. He played an important part in bringing about the signing of the agreement for the proposed acquisition of ICAP's global hybrid voice broking and information business in November 2015. I, and everyone at Tullett Prebon, would like to wish him all the very best for the future."