ICAP appoint Head of Dry Bulk Commodities, Asia Pacific

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ICAP plc announces the appointment of Alex Newman as Head of Dry Bulk Commodities (Asia Pacific), based in Singapore.

Reporting to George Dranganoudis, Managing Director of ICAP Energy in Asia Pacific, Newman will develop and manage ICAP’s Asia Pacific dry bulk commodities platform with an initial focus on iron ore and coal.

Alex rejoins ICAP having previously worked at the company for more than five years, during which time he played an active part in setting up the ICAP coal desk in London. Since then he has been managing the global coal and emissions trading book at Noble Energy Inc. as well as managing the international coal marketing business for Arch Coal Inc. from London.

George Dranganoudis said: 'Alex’s 12 years’ experience in dry bulk commodities markets, together with his track record at ICAP, makes him the ideal candidate to drive our Asian dry bulk platform forward. Alex rejoins ICAP at an exciting juncture in the Asia Pacific commodity cycle and I have no doubt that, with his track record and determination, he will succeed in developing our dry bulk commodities platform to its full potential.'

Anthony Warner, CEO of ICAP Singapore, said: 'The experience that Alex has gained in London and Singapore as both a broker and a customer will be a valuable asset to ICAP Energy in our strategic goal of growth and expansion in the Asian energy and commodities business.'

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