ICAP Adds Arjun Singh-Muchelle as Global Head of Regulatory Affairs

ICAP plc, a markets operator and provider of post trade risk mitigation and information services, has today announced the appointment of Arjun Singh-Muchelle as Global Head of Regulatory Affairs of its Global Broking division (IGBB). Based in London, he will report to Don McClumpha, COO of IGBB and CEO of i-Swap.

The latest appointment follows the recent addition of Nicole Shumpert into the role of Head of BrokerTec Direct, ICAP’s electronic fixed income and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) business, as reported by Finance Magnates last month.

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Singh-Muchelle joins ICAP from The Investment Association where he was a senior adviser on regulatory affairs in relation to institutional investment and capital markets.

We are delighted to welcome Arjun to the team in this period of transition for ICAP and indeed the global regulatory landscape.

Prior to this he was Head of EU Affairs for the British Bankers’ Association and a policy analyst at the European Commission, based in Brussels. He sits on the advisory board of the International Trader Forum as well as being a member of the EMEA Governance Board of FIX Trading Community.

McClumpha, COO of IGBB and CEO of i-Swap, said: “We are delighted to welcome Arjun to the team in this period of transition for ICAP and indeed the global regulatory landscape. He brings significant policy and public affairs experience which will be invaluable to us in our approach to new regulations, such as MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term, and we look forward to working with him.”