ICAP TAKES STAKE IN REYNDERS GRAY

Posted June 18, 2009

NEW YORK – Voice and electronic inter-dealer broker ICAP plc (IAP.L) has announced plans to acquire a minority stake in institutional equity firm Reynders, Gray & Co., Inc., the institutional equity firm.

“We are committed to growing our equities business, which has recently experienced strong growth, and we look forward to this opportunity with Reynders, Gray as a minority shareholder in their company,” says Steve McDermott, Chief Operating Officer of ICAP Americas.

“Our partnership with ICAP coupled with our extensive backgrounds will provide an exciting opportunity to grow a business which will provide exceptional service to our clients and a dynamic and rewarding environment for existing and future staff,” says Joel Plasco of Reynders, Gray.

In addition, on June 17, Joel Plasco and Shawn McLoughlin closed on their previously agreed acquisition of the entire issued capital of Reynders, Gray Holdings, Inc., and its operating subsidiaries. Plasco and McLoughlin were the former Group CEO and North American CEO of London-listed financial services group Collins Stewart plc.