Tullett Prebon appoints Andrew Baddeley as CFO

Tullett Prebon Plc (LON:TLPR) today announces the appointment of Andrew Baddeley as its Chief Financial Officer. Mr Baddeley succeeds Paul Mainwaring who is standing down after nearly ten years in the role of Group Finance Director.

In addition, Mr Baddeley will also join the board of Tullett Prebon as an Executive Director, effective May 13, 2016.

Mr Baddeley brings with him 28 years of experience in financial services organisations. He was previously CFO at Brit Insurance Group. Prior to this, he spent five years as Group Finance Director at Atrium, a Lloyd’s insurer. His previous experience includes holding senior financial positions at General Re, a subsidiary of Berkshire Hathaway. His early career includes roles at EY and PwC. He is a Chartered Accountant and a member of the Chartered Institute of Taxation.

The appointment of Mr Baddeley as an executive officer of the Company is effective immediately.

John Phizackerley, Chief Executive of Tullett Prebon, said:

“I am delighted to welcome Andrew to Tullett Prebon and am looking forward to his contribution to our team and the Board. Andrew has almost thirty years’ experience in the financial services industry and he will be a great addition to my team.”

“At the same time, I want to thank Paul Mainwaring for his enormous contribution to our firm over almost a decade. Paul has been a highly effective and dedicated Finance Director during his time with Tullett Prebon. He has headed the Group’s finance function with great skill and effectiveness, maintaining discipline over costs, cash and capital. He played an important part in bringing about the signing of the agreement for the proposed acquisition of ICAP’s global hybrid voice broking and information business in November 2015. I, and everyone at Tullett Prebon, would like to wish him all the very best for the future.”

For the full announcement on the directorate change at Tullett Prebon, click here.

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