TP ICAP Promotes Andrew Polydor as Head of Global Markets

The largest Interdealer broker worldwide, TP ICAP Group recently announced that it has promoted Andrew Polydor to Head of Global Markets, effectively immediately.

Recently announced in a press release, Andrew Polydor, with four decades of financial experience, has recently been named Head of Global Markets by TP ICAP Group. He will elevate its Global Broking franchise to the next level and continue his role of driving its growth in E&C.

For around twelve years, Polydor has succeeded in developing the business into the world’s largest E&C brokerage. Thus, as well as his existing duties of heading TP ICAP’s Energy & Commodities ('E&C') division, he will be in charge of the Group’s Global Broking section.

Nicolas Breteau, Group CEO of TP ICAP, said: “Andrew’s proven capability to build industry-leading businesses positions him well to take our Global Broking franchise to the next level and continue to drive growth in E&C.”

TP ICAP is a global firm of professional intermediaries that play a pivotal role in the world’s financial, energy and commodities markets. Its Global Broking division is the largest interdealer broker in the world and services markets in Rates, FX & Money Markets, Emerging Markets, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and Credit products. In 2019, Global Broking’s revenues were £1.2 billion.

Polydor’s Proven Capability

Polydor’s career in Financial Markets dates back to 1982. However, he moved on to develop Prebon Energy Sydney later on in the ’90s. This broker soon progressed to being number one in the Australian power market. Moreover, he devised Prebon Environmental Consultancy Services, an innovator in carbon. Further down the road, he relocated to London to drive Prebon’s growing energy business in Europe. From there in 2008, he rose to the post of Global Head of E&C at Tullett Prebon. After eight years, he became CEO of TP ICAP E&C.

In addition to this announcement, Polydor will receive support for the demanding role of leading and growing the E&C franchise from two deputy heads.

Breteau added: “Andrew’s proven capability to build industry-leading businesses positions him well to take our Global Broking franchise to the next level and continue to drive growth in E&C. He is forward-thinking when it comes to innovation and deploying technology, is entrepreneurial, pragmatic and brings a dynamic, highly focused approach to Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. As such, he is the ideal candidate to implement our electronification, aggregation and diversification strategy across our Markets activity globally, and, in so doing, extend our market leadership position.”

“I am delighted to be taking up this role at such an important time for Global Broking and E&C. I am looking forward to working with my new colleagues to implement our progressive strategy and enhance how we serve our clients,” said Andrew Polydor.