Partner Profile:

ICAP & Stephen McDermott

Stephen McDermott and ICAP (formally Garban) have partnered with The Charles Lafitte Foundation since our first event.  Stephen and ICAP have been behind CLF at each and every CLF Golf Classic annually serving as a Premier Hole Sponsor.
ICAP is the world’s premier voice and electronic interdealer broker and provider of post trade risk and information services. The Group is active in the wholesale markets in interest rates, credit, commodities, FX, emerging markets, equities and equity derivatives.

Stephen is the Chief Operating Officer of ICAP Americas. He was, until March 2008, an executive director of ICAP plc. He oversaw the integration with EBS and the interface between the Group’s voice and electronic broking businesses. Stephen is also a board member of Columbia University’s Executive Masters of Science and Technology Management.

ICAP and Stephen have a long history of contributing to the greater good. Instead of giving smaller donations to lots of charities, ICAP wanted to make a real impact and created Charity Day.  One day each year when 100% of the firm’s revenue and brokers’ commissions is given away to charities. ICAP Charity Day has created a unique way of giving something back and it is quite different from the way companies normally give to charity by donating money out of profits.  Globally, ICAP has raised over US$138 million for charity since 1993.

Thank you to both Stephen and ICAP for their continued partnership and the world-changing example they have set for us all.