ICAP expands Financial Futures and Options Team with New Hires and Opens Office in Dubai

May 2, 2012 Share this! LinkedIn logo Facebook logo Twitter logo Reddit logo Google+ logo

ICAP, the world’s leading interdealer broker, announces that it has expanded its Financial

Futures and Options team with the appointment of two new hires and the opening of an office

in Dubai.


ICAP’s move into Dubai is a significant step in fulfilling its strategic objective of becoming the

global premier futures execution broker. Based in the Dubai International Financial Centre,

ICAP Securities Ltd (ISL) is regulated by the Dubai Financial Services Authority (DFSA). With

the rapidly expanding economy in the Gulf region, ICAP considers it essential to have a

strong presence in the Middle East, complementing its presence to the East and West of the



The Dubai office will initially have four employees and the team will be led by Sharaz

Hussain,Senior Executive Officer, ISL, Dubai. Sharaz will report to Gary Pettit, Global Head

of Financial Futures and Options at ICAP in London and the board of ISL.


ICAP has also appointed Michael Drennan as Head of North America Future and Options,

based in Chicago. He joins from MF Global and has more than 20 years global markets

experience in Hong Kong, Singapore and London. 


Gary Pettit, ICAP’s Global Head of Financial Futures and Options said: “We have been

expanding our global capability since I joined ICAP last December. Having a global futures

and options presence across Europe, Asia and America, it now makes strategic sense to

extend our execution brokerage to the Middle East.”


ICAP’s global Financial Futures and Options business offers brokerage, market commentary

and post trade services with dedicated exchange-traded derivatives brokers in London, New

York, Chicago, Singapore, Sydney, Wellington and now Dubai.


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