Laurent Paulhac to Head Icap's SEF

Laurent, who will be based in New York, will also manage Icap's electronic trading platform for OTC interest rate derivates, i-Swap.

"This is an extremely exciting time to be joining ICAP. As the market adapts to new regulatory requirements, SEFs will become a significant component of the wholesale financial market infrastructure," says Laurent, who joins from CME Group, where he was senior managing director for interest rate and OTC products and services.

In late September, Icap received temporary approval to operate a SEF, which it will run for interest rate swaps (IRS), credit default swaps (CDS), commodities, equity derivatives and non-deliverable forwards (NDF).

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