ICAP – a leading markets operator and provider of post trade risk mitigation and information services worldwide has been hosting it’s legendary charity day for 12 years and has supported over 1,800 charities since its inauguration. This year over 60 offices in 32 countries around the world took part in order to raise much needed revenue for 200 specially chosen charities.
This year in Singapore, ICAP, and its partners gatheredon the 21st floor of the Marina Bay Financial Centre to raise millions of dollars for the President’s Challenge, Autism Association (Singapore), Bone Marrow Donor Programme and Breast Cancer Foundation. Attendees included guest of honour President Tony Tan Keng Yam, representatives from Barclays Bank, UBS, Julias Baer and Credit Suisse and ICAP employees who were fiercely conducting deals in an array of fancy dress costumes. Eliteror can confirm that The Genie from Aladdin, a circus clown and The Gingerbread Man all contributed to raising a grand total of S$15.97 million in just 24 hours. A figure which is actually equivalent to approximately 3% percent of ICAP’s full year pre-tax trading profits according to Michael Spencer, ICAP’s Group Chief Executive Officer. In fact, ICAP donates all of the money raised in the deals conducted during charity day and in the 23 years it’s been operating has generated almost S$271 million for charity.
Eliteror spoke with Jean-Claude Mercier Head of Risk for ICAP in Asia Pacific. Decked out as a cowboy, Mercier explained that their trading partners are all aware of charity day and thus are enthusiastically pushing through large deals throughout the day. They’re also more lenient than usual, knowing the amount of distractions abound on charity day – from an Uber Beer Pong Table to an Arabian tea room – so if they see a mistake they won’t penalise the staff at ICAP for it. This charitable ethos is also reflected in the generosity of the sponsors – who provide much needed refreshment on the day. The Pocket Bar Concept’s staff were mixing up refreshing Moscow Mules and Sea Breezes for the attendees, and the wine was provided by the seasoned professionals at The Italian Wine Club. There was also a range of international cuisine on offer for the ICAP staff and their guests.
ICAP charity day is truly a spirited occasion that brings a softer side to a highly pressurised industry. Michael Spencer expressed his gratitude for the “dedication and goodwill of [ICAP’s] employees, customers, suppliers and our distinguished guests who come together each year to to help those people most in need.” The worthy causes selected to be supported in Singapore this year included the President’s Challenge, the Autism Association (Singapore), the Bone Marrow Donor Programme and the Breast Cancer Foundation. 100% of ICAP’s revenues and 100% of its brokers’ commissions from the day go directly to charity. This year, ICAP supported 200 charities globally, and has raised vital funds for more than 1,800 charities since the first Charity Day in 1993. For more information about the charities supported by ICAP this year and the impact that the donations will have please visit:www.icapcharityday.com.