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Phizackerley handed minimum payout after dismissal by TP Icap

Jan 31, 2019 - City A.M.

FORMER TP Icap chief executive John Phizackerley was given the minimum legal and contractual allowance after he was sacked from the company last year.

The broker paid £310,000 in lieu of salary over a six-month notice period and £11,245 in lieu of contractual benefits after Phizackerley was fired in July last year.

In September, the company also paid out a £90,000 lump sum to compensate for loss of employment and to mitigate against any claims made against the firm.