LONDON (ShareCast) - (Sharecast News) - TP ICAP announced on Friday that Richard Berliand would join its board as a non-executive director and chairman-designate during the first quarter of 2019.
The FTSE 250 company described Berliand as a "global markets professional" with "extensive experience" across the financial services sector, including a "broad knowledge" of exchange-traded cash and derivative markets and post-trade services.

It said that during his 23-year career at JP Morgan, he worked across a number of asset classes and geographies.

Before his retirement in 2011, he served as managing director, leading the global cash equities and prime services businesses.

He was currently a member of the supervisory board, and until recently was deputy chairman, of Deutsche Börse.

Berliand is also the senior independent director and chairman of the remuneration committee at Man Group, and a member of the board of Rothesay Life.

He would be standing down from his role at Rothesay Life in the first quarter of 2019, following which his appointment to the TP ICAP board would be confirmed, and standing down from his role at Deutsche Börse at its annual general meeting on 8 May.

To ensure an orderly handover and transition of roles, the board said it had requested that Rupert Robson - who earlier in the year indicated his intention to retire after 12 years on the board, with the last six as chairman - could continue as non-executive chairman until TP ICAP's annual general meeting on 15 May.

Berliand would become chairman at the conclusion of the meeting.

The company also announced that Carol Sergeant, who chaired the board's risk committee, had advised that she would retire from the board at the end of the year.

David Shalders, who was appointed to the board in February 2014 and who was a member of the risk committee, would succeed Sergeant as chair of that committee on an interim basis.

Finally, TP ICAP confirmed that, as it had previously notified, Stephen Pull would also retire as a non-executive director at the annual general meeting in May.

Pull would be succeeded as chair of the remuneration committee by Lorraine Trainer, who was appointed to the board in July 2018.

"On behalf of the board, I would like to extend huge thanks to both Carol and Stephen for their hard work and contribution as board committee chairs and members of the board, and wish them both well for the future," said Rupert Robson.

Angela Knight, senior independent director who led the process to appoint Berliand, commented that after a "comprehensive" search, the directors were "very pleased" to announce the appointment of Richard Berliand as the future chairman of TP ICAP, and Robson's successor.

"Richard has a proven track record in the global financial markets in which the company operates.

"His experience will prove invaluable as we build on our position as the world's largest inter-dealer broker and capitalise on the opportunities available in areas such as data & analytics."

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