Singapore, 21 August 2013 – ICAP plc (IAP.L) today announces the appointment of Alex Newman as Head of Dry Bulk Commodities (Asia Pacific), based in Singapore.
Reporting to George Dranganoudis, Managing Director of ICAP Energy in Asia Pacific, Newman will develop and manage ICAP’s Asia Pacific dry bulk commodities platform with an initial focus on iron ore and coal.
Alex rejoins ICAP having previously worked at the company for more than five years, during which time he played an active part in setting up the ICAP coal desk in London. Since then he has been managing the global coal and emissions trading book at Noble Energy Inc. as well as managing the international coal marketing business for Arch Coal Inc. from London.
George Dranganoudis said: “Alex’s 12 years’ experience in dry bulk commodities markets, together with his track record at ICAP, makes him the ideal candidate to drive our Asian dry bulk platform forward. Alex rejoins ICAP at an exciting juncture in the Asia Pacific commodity cycle and I have no doubt that, with his track record and determination, he will succeed in developing our dry bulk commodities platform to its full potential.”
Anthony Warner, CEO of ICAP Singapore, said: “The experience that Alex has gained in London and Singapore as both a broker and a customer will be a valuable asset to ICAP Energy in our strategic goal of growth and expansion in the Asian energy and commodities business.”
Serra Balls, ICAP +44 (0) 20 7050 7124
About ICAP Energy
ICAP Energy, a subsidiary of ICAP plc, is an innovative leader in the energy and shipping industries, providing full-service and over-the-counter broking and advisory capabilities to a broad spectrum of businesses throughout the world.
The group has approximately 350 staff located in London, North America, Singapore, Sydney, Geneva, Bergen, Amsterdam, Madrid, Copenhagen and Sao Paulo. ICAP Energy offers real-time price discovery and execution services in crude oil and oil products, biofuels, agriculture and softs, base and precious metals, iron ore, electricity, natural gas, coal, emissions, freight, weather derivatives and physical products. ICAP Energy was named "Broker of the Year" in 2013 by Energy Risk magazine in a poll of over 1,500 market participants. For more information please visit www.icapenergy.com.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.