ICAP, a UK-based voice and electronic dealer broker and provider of post-trade risk services, has appointed Wendy Phillis as group chief risk officer, effective April 14. Phillis will assume the role from Colin Smith, who is retiring.

She will report to ICAP's Group Chief Operating Officer Ken Pigaga.

Phillis joins ICAP from after nearly 16 years with State Street Global Markets, where she was most recently chief operating officer, EMEA. Prior to that role, she was head of risk Management for EMEA, and head of risk and compliance for State Street's asset servicing business in EMEA. 

In her new role, Phillis will assist ICAP's business units and shared services to continue to embed risk management in their processes, projects and change management practices. One of her focus areas will be to further develop operational risk across the group.