ICAP (IAP.L), the world’s premier interdealer broker and provider of post trade services, announced yesterday that Mark Beeston will join the company on 1 December 2009 and will take up the role of Business Development Director for Post Trade Services, a new position. He will report to ICAP Group COO Mark Yallop and will be based in London.
Since 2005 Mark Beeston has been President of T-Zero, a subsidiary of Creditex Group Inc. (which is a wholly-owned subsidiary of ICE). Prior to that, Beeston served as COO for Integrated Credit Trading at Deutsche Bank in London. During this time, the bank’s credit platform expanded substantially and included securitized products, convertibles, credit derivatives and corporate bonds. Beeston was COO for Deutsche Bank’s OTC Derivatives business from 2001 to 2002 and, from 1999 to 2001, he served as global head of Money Market Derivatives trading. Beeston joined Deutsche Bank in 1992 and worked on the OTC derivatives desk as a cross-currency trader. He has taken part in numerous industry initiatives and associations including ISDA, Markit and DTCC.
Mark Yallop, ICAP Group COO, said "Mark brings extensive industry experience and excellent relationships with our customers. I am delighted to welcome him to ICAP. We have already established a strong presence in areas of post trade services and plan to develop additional businesses in these areas. Mark will play an important role in the expansion of our businesses and the identification of new opportunities."