ICAP's Finance Director, Iain Torrens, Parts Ways with Group

Markets operator ICAP Plc has announced an additional change to its executive board, with Iain Torrens, group finance director, stepping down from his role to join TalkTalk Group Plc.

The original intent was made back in September – Mr. Torrens has worked at ICAP since 2006, where he started as its group treasurer, subsequently leading to his promotion to group financial controller in 2008.

In the interim, ICAP will name David Ireland--chief financial officer, Group Finance, Tax and Treasury--as its temporary group finance director, pending a board appointment to find Mr. Torrens' successor.

According to Michael Spencer, group chief executive officer of ICAP, in a statement on the departure, "During his time at ICAP Iain has made a meaningful and positive impact on the company as a valued member of the Board and as part of the senior management team. I want to thank Iain for the outstanding contribution he has made to ICAP and wish him success in the future."