TP ICAP, a major interdealer broker, announced this Monday that Philip Price has joined its board as Executive Director. Price has been with the firm for over three years, having joined Tullett Prebon just prior to its acquisition of ICAP in late 2015.
According to a statement released by TP ICAP this Monday, the firm decided to make the appointment after a review of the board’s personnel. The interdealer broker implied that it was attempting to balance out the number of non-executive vs executive directors on the board.
Rupert Robson, Group Chairman of TP ICAP, commented on Price’s appointment: “I would like to welcome Philip to the Board. Given the increasingly complicated and fast paced regulatory environment in which we operate, we are certain to benefit from his considerable and wide-ranging experience.”
Philip Price – industry veteran
The experience that Robson is alluding to has been largely confined to the regulatory and legal side of the financial services industry. Price, who is currently the interdealer broker’s General Counsel and Global Head of Compliance, has been working in financial services firms’ legal departments for over twenty years.
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From 1995 to 1997, he was Group Legal Advisor at Dresdner Kleinwort Wasserstein, a private bank now owned by Societe Generale and known as Kleinwort Hambros. After this, Price joined UBS AG where he was Managing Director and Head of EMEA Corporate Legal Services for almost ten years.
In 2006, he quit the Swiss asset manager and headed to Monaco to join SRM Global Fund. Working as General Counsel and Chief Operating Officer for the hedge fund, he spent three years in the city-state before leaving to join Candover Investments in 2009.
In a role similar to one he had held at SRM Global Fund, Price worked as Candover Investments’ Company Secretary and General Counsel. After leaving Candover Investments in 2012, he moved to another private equity firm – Arle Capital.
Price spent two years at Arle Capital as a partner and General Counsel. It was from there that he joined TP ICAP – at that point Tullett Prebon – in mid-2015.