Icap recruits former boss at Barclays

Michael Bow
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THE WORLD’S biggest interdealer broker Icap has appointed the former head of Barclays’ foreign exchange business to its boardroom.

Ivan Ritossa, who under Bob Diamond’s regime helped turned the bank into one of the world’s most profitable foreign exchange dealers, has been given a non-executive director role.

He replaces Hsieh Fu Hua, who is leaving to become chairman of the United Overseas Bank.

Ritossa, who stepped down from the executive committee of Barclays investment bank in October, had been at the bank for more than ten years.