RATE Group | Bank Broker TP Icap Eyes Entry into Cryptocurrency Sector
35723
wp-singular,post-template-default,single,single-post,postid-35723,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bank Broker TP Icap Eyes Entry into Cryptocurrency Sector

21 Jul Bank Broker TP Icap Eyes Entry into Cryptocurrency Sector

Posted at 05:41h in Cryptocurrency News by

[ad_1]

Interdealer broker TP Icap, one of the world’s largest institutions within the financial, energy, and commodities markets, is about to approach virtual currencies. It has set up a working group for the purpose of analyzing the best way to enter the burgeoning market and ecosystem. In 2017, the company had a revenue of $1.76 billion.

TP Icap Sets Up Working Group to Examine Approach to Cryptocurrencies

The working group was set up under John Phizackerley, former CEO and a veteran executive within the financial industry, including roles at Lehman Brothers and Nomura. Leadership, however, recently changed as Phizackerley was let go earlier this month as shares crashed by more than a third due to rising costs over the Brexit ordeal.

The company has appointed Nicolas Bretau, the former group’s head of global broking, as CEO. He will now be heading the cryptocurrency working group, which has taken on some of TP Icap’s most senior executives to examine the company’s approach to…

[ad_2]

Source link