ICAP S'pore CEO Warner resigns

ANTHONY Warner, chief executive officer of ICAP plc's Singapore unit, resigned after 25 years with the broker and will leave at the end of this month, two people with knowledge of the matter said.

Danny Cheung, a managing director in Singapore, will succeed Mr Warner, the people said, declining to be identified as the details haven't been made public yet. Mr Warner's departure wasn't related to recent staff cuts at ICAP, one person said.

Serra Balls, a spokeswoman for the firm in London, declined to comment.