Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has announced that Guy Rowcliffe, CEO of RESET, has been appointed Head of Asia Pacific, ICAP Post Trade Risk and Information Services (PTRI).
In this newly created role, Rowcliffe will be responsible for Asia Pacific regional strategy for ICAP’s PTRI business and will represent the company amongst regulators, industry bodies and committees. Rowcliffe will continue in his role as CEO of RESET and will report to Jenny Knott, Chief Executive Officer of ICAP’s PTRI division.
Rowcliffe has over 20 years of experience in post trade services and within interest rate derivatives markets in both Asia and London. He joined ICAP following the acquisition of Switchfix in 2008, which was later rebranded to RESET, an ICAP PTRI business.
Jenny Knott, CEO of PTRI, said:
Asia Pacific continues to be hugely important for us, both as part of the ICAP Group and in our imminent re-incarnation as NEX. While some of our businesses have a more established presence in Asia Pacific, we have seen a great deal of opportunity to extend our entire offerings to our many clients in the region. I’m delighted that Guy has taken on this expanded role, and I believe he will play a crucial part in helping us transform local market structure through an integrated portfolio of transaction lifecycle services.
Guy Rowcliffe, added:
The evolving regulatory landscape brings with it many challenges and opportunities. PTRI’s mantra has long been to mitigate risk, increase efficiency, reduce costs and streamline increasingly complex processes for our clients, while optimising both regulatory and financial resources. Developing a local strategy tailored to the region’s unique challenges is key to the growth of our PTRI division in Asia Pacific and I look forward to working with Jenny and our local business heads to deliver this.
ICAP’s PTRI services help users of financial products to reduce operational and system-wide risks. This increases the efficiency of trading, clearing and settlement, as well as reducing costs. The PTRI business comprises a portfolio of businesses, including RESET, TriOptima, Traiana, ENSO, Abide and ICAP Information Services.