TP ICAP hires UK listed head Holley from BGC

Broker TP ICAP has hired Greg Holley, the managing director of UK and US listed products at rival BGC Partners, reuniting Holley with his former boss John Ruskin.

Holley, who joined BGC as managing director, head of Listed Products UK and North America from Societe Generale in early 2017, left the US brokerage group in early July and is set to join in November the TP ICAP Agency Execution business led by Ruskin, according to sources.

A spokesman for TP ICAP declined to comment on the appointment.

Holley worked under Ruskin for seven years at Newedge, a listed derivatives broker part-owned by French bank Societe Generale, where Ruskin was global head of listed products and Holley was a senior director in futures and options execution and sales.

Holley left Newedge for Jefferies in 2011 before joining Societe Generale in June 2015 after Newedge had been folded into the French bank.

Ruskin left Newedge in 2013 to set-up COEX Partners, a brokerage firm that was eventually sold in 2017 to Tullett Prebon before that firm merged with ICAP to form TP ICAP.

Ruskin was appointed chief executive officer of TP ICAP Agency Execution in September 2018.

Holley will also be reunited at TP ICAP with Nicolas Breteau, the chief executive of the London-based broker who was the chief executive of Newedge.

Breteau joined Tullett Prebon in 2016 from Societe Generale and was made chief executive of TP ICAP in mid-2018 after former chief John Phizackerley was tinned for over-estimating the savings that could be delivered from the merger with ICAP.

Ruskin told Global Investor TP ICAP wants to develop the Liquidnet platform it acquired in March to offer its buy-side clients the ability to trade in Liquidnet futures, options and swaps alongside equities and bonds.