Icap takes on Pettit

Icap has recruited MF Global's top futures broker, Gary Pettit, as global head of financial futures and options.

The London-based interdealer broker has also hired another 25 former MF Global staff in London, New York, Chicago and Sydney from the defunct futures broker.

MF Global, one of the biggest US futures brokerages, failed after a $6.3bn bet on European debt.