Former ICAP Futures Head Appointed at ED&F, Alpari UK Releases Metrics

Gary Pettit, the former Global Head of Financial Futures and Options at ICAP, has been appointed at UK brokerage ED&F Man after he left ICAP in mid-October.

Pettit was one of those affected by a restructuring program at ICAP that saw him leave his position that he had held since December 2011. Pettit is expected to begin working for ED&F Man at the start of 2015.

Before working with ICAP, Pettit worked with MF Global in a similar role for more than 12 years, besides holding other senior positions in futures.

Meanwhile, Tal Zohar, FXCM Israel’s former Chief Executive Officer has joined IG Group Senior Management as a member, reporting to the Group CEO, Tim Hawkins. In his new capacity, which is unrelated to Israeli customers, Zohar will implement innovative financial products and customer relations.

Zohar previously worked at FXCM Israel as its CEO for 5 years before his retirement. He successfully steered FXCM Israel to become of the two biggest Israeli firms in its field, data from Dun & Bradstreet surveys of 2013 and 2014 showed. He was also instrumental in lobbying Israeli policy makers to enact favorable policies to boost the industry.

In his new role, Zohar will operate out of London.

Meanwhile, Alpari UK announced that its trading volumes rose 2 percent to $221 billion, bringing a measure of stability to a company that had a difficult trading period in the first half of this year.

 “We are once again very pleased to report a month-on-month improvement in trading volumes, as we continue to drive precious metals on the back of globally-significant events. In addition, our FX trading cashback promotion helps to boost Market account open rates and deposit increases, particularly across Southeast Asia and the Middle East,” said Hannah Hill, the Global Head of Marketing at Alpari.