TPICAP prep Flashcards
(11 cards)
Explain the global broking division
What it does: Acts as an intermediary between major financial institutions (e.g., banks) to match buyers and sellers in over-the-counter (OTC) markets.
Markets covered: Interest rate swaps, government and corporate bonds, FX, equities, and credit derivatives.
How: Through voice broking (human brokers) and electronic trading platforms.
Clients: Primarily banks, hedge funds, and large institutional investors.
Goal: Help institutions execute large, complex trades that aren’t easily handled on public exchanges.
Explain the energy and comodities division
What it does: Facilitates trading in physical and financial energy and commodities markets.
Markets covered: Oil, gas, power, emissions (carbon credits), metals, and renewables.
Services: Price discovery, deal negotiation, and risk transfer via voice and electronic broking.
Clients: Energy firms, utilities, commodity traders, and financial institutions.
Goal: Provide liquidity and market intelligence in energy and commodity sectors.
Explain the liquidnet division
What it does: A tech-driven platform for institutional investors to trade large blocks of securities anonymously and efficiently.
Markets covered: Equities, fixed income, and ETFs.
Services: Algorithmic trading, execution management, and analytics.
Clients: Asset managers, pension funds, and hedge funds.
Goal: Help institutions minimize market impact and access liquidity discreetly
Explain the parameta solutions division?
What it does: Provides proprietary financial market data and analytics to support trading, risk management, and compliance.
Products: Pricing data, reference data, evaluated prices, and analytics tools.
Distribution: Delivered through cloud platforms and partners like Bloomberg or Refinitiv.
Clients: Banks, asset managers, regulators, and fintechs.
Goal: Monetize TP ICAP’s internal data by turning it into a sellable, standalone product.
Why TP ICAP?
As a world-leading providers of financial markets infrastructure and data, TP ICAP has significant global reach and reputation, and that is obviously extremely attractive knowing you’re going to be working with very talented people, being led by great leaders and having first-in-class resources and training.
TP ICAP also has a strong foundation in financial markets, but what stands out to me is how actively it’s evolving.
The firm is investing in digital transformation through its Fusion platform, building out its presence in digital assets and carbon markets, and forming forward-looking partnerships — such as with AWS and FalconX.
That combination of market leadership and strategic innovation is rare, and it’s exciting to be part of a business that’s not just maintaining its position but actively reshaping its future in a fast-changing industry.
Why this role?
The Associate role in the Corporate Development team really appeals to me because it’s not just about executing deals — it’s about being involved across the full transaction lifecycle, from origination and market screening to modelling, due diligence, and post-merger integration. That kind of exposure is ideal for building strong fundamentals while also developing a strategic, big-picture view.
I’m also drawn to the diversity of transaction types the team handles — not just acquisitions, but also minority investments, partnerships, and divestments. That variety ensures you are always learning and keeps things fresh and exciting. I appreciate the internal visibility and cross-functional nature of corporate development. Working closely with senior leadership and teams across the business makes the role more impactful and offers valuable perspective on how strategic decisions get made and executed.
I would say that one of the main things that im looking for in my next role is a level of specificity so as to become really good at something and nail a skill set or area but enough variety so as not to get bored. This role does that.
Finally, I would say that coming from a corporate finance background, I’ve built a solid foundation in financial analysis, valuation, and understanding business performance. But what I’m looking for now is a more strategic and forward-looking role — and that’s what attracts me to corporate development.
Why this role / corporate development over advisory M&A?
While advisory M&A offers excellent transaction exposure, I’m particularly drawn to corporate development because it gives you a more strategic and long-term view of the deals you’re working on. In advisory, you often come in at a single point in the process — typically execution — and then move on once the deal closes. But in corporate development, you’re involved from origination through to integration, and you see the impact of your work on the business over time.
What also stands out is the strategic alignment. In corporate development, every deal you work on is tied directly to the company’s growth objectives, whether it’s entering a new market, acquiring a technology, or forming a strategic partnership. That kind of work not only builds on my financial skill set but also pushes me to think more commercially and cross-functionally — which is exactly the direction I want to grow in.
Why strategic partnerships over M&A?
What recent strategic partnerships have TP ICAP entered into
Recent M&A by TP ICAP
Previous key projects?
Project Jade, NZRC, secondment to Orion group, NZFL valuations, restructuring work with Move logistics.
