British financial markets infrastructure and data provider TP ICAP has expanded its Philippine footprint with the opening of a new facility at the Philippine Economic Zone Authority-accredited ECOPRIME Building in Bonifacio Global City.
The expansion of TP ICAP signals its sustained iconfidence in the country’s IT-BPM and shared services sector despite lingering global economic uncertainties.
The facility was inaugurated on May 7 in a ceremony attended by Tereso O. Panga and senior TP ICAP executives led by Group CEO Nicolas Breteau. Also present were Group CFO Robin Stewart, Group COO Max Spoto, Asia Pacific CEO Andrew Evans, Asia Pacific CFO Lynn Yeo, and Manila Corporate Functions Head Vince Cortes.
Panga said TP ICAP’s continued expansion reinforces the Philippines’ position as a competitive investment destination and offshore services hub, particularly for information technology and business process management operations.
TP ICAP, which has operated in the country for the past decade, provides administration, maintenance, and support services for the ICAP Group’s global IT infrastructure. The company has invested more than P500 million in the Philippines and currently employs around 300 workers.
The firm now occupies three floors of the 32-storey ECOPRIME Building, a PEZA-registered IT center in Taguig recognized for its LEED Gold-certified sustainability features, as it ramps up operations and workforce capacity in the country.
