ICAP promotes Ken Pigaga to COO as regulatory issues come to the fore

Pigaga led the team responsible for developing ICAPs SEF

Interdealer broker ICAP has announced yesterday that its appointing Ken Pigaga as Global Chief Operating Officer and he will be reporting directly to Michael Spencer, the Group’s CEO. He will be moving to London from New York where he was responsible for the development of ICAP’s SEF which went live on October the 2nd.

Mr Pigaga will take charge of the governance and control frameworks of ICAP. This does include several subcategories such as oversight over risk and compliance plus the control aspects of operations and technology. He has been with the Group since 2006 as COO for the Americas. Mr Pigaga’s appointment comes at a crucial time for the company as it has launched its new liquidity service “EBS Direct” that started its commercial operation last quarter.

His background includes a position at JP Morgan as a Managing Director responsible for the Investment Bank’s e-commerce activities. Between 1991 and 2001 he held various positions at Goldman Sachs in emerging markets trading and portfolio structuring.

For more information and the full press release visit ICAP’s website.

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