Icap hires ex-WestLB chief to expand futures

Percy, who started at Icap in January, plans to expand on the firm’s existing futures businesses in London, Sydney and Wellington to create a global presence.

Icap’s strength has traditionally been in the over-the-counter markets, so the move was motivated by the desire to increase its footprint in the exchange-traded markets while meeting the demands of its clients, said Percy. "The listed futures and options markets and the underlying cash markets are linked, and have been converging for years