Wendy Phillis will take over from Colin Smith, ICAP’s current Group Chief Risk Officer, who has decided to retire
ICAP announces in an official press release today that it has appointed Wendy Phillis as Group Chief Risk Officer. Wendy will report to Ken Pigaga, Group Chief Operating Officer, and be based in London. She will join the Group on April 14, 2014.
Ms Phillis has great industry experience and her career goes way back. She joins ICAP from State Street Global Markets where she has served since 1998 and where she was most recently Chief Operating Officer, EMEA. Prior to this she was Head of Risk Management for EMEA and Head of Risk and Compliance for State Street’s asset servicing business in EMEA.
Wendy will take over from Colin Smith, ICAP’s current Group Chief Risk Officer, who has decided to retire from the industry. Wendy will assist ICAP’s business units and shared services to continue to embed risk management in their processes, projects and change management practices. One of her focus areas will be the further development of Operational Risk across the Group.
Commenting on the change, Michael Spencer, Chief Executive Officer of ICAP, said: “In today’s financial world, a strong risk management function is vital. Wendy will be pivotal in overseeing and further developing the global and integrated risk framework function within ICAP and she joins us with a strong track record. I would like to thank Colin for his service over these past three years and wish him the best for the future.”