ICAP coal team jumps ship

ICAP’s London coal team is defecting to rival broker Prebon. The coal team – which helped ICAP achieve number 1 ranking in European coal in the Energy Risk Rankings 2004 – will fit with Prebon's overall strategy for expansion in energy markets, according to Prebon Energy division managing director Andrew Polydor. “We intend to establish a presence in freight derivatives by leveraging the coal team’s strong position in the market,” he said. The team consists of George Dranganoudis (current te