TP ICAP to Take over New Zealand Broker Aotearoa Energy

TP ICAP, a world-leading markets infrastructure and data solutions provider, announced today (March 19) that it will acquire a New Zealand-based gas, power, and carbon brokerage firm, Aotearoa Energy.

TP ICAP notes that this deal will allow clients to access the New Zealand Emissions Units (NZU) market, complementary to ICAP's market-leading Australian Power and Gas brokerage business.

Following the acquisition, the acquiree will continue trading as Aotearoa Energy, with its founder Daniel Skipper continuing leading the firm. Daniel will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand, ICAP.

"This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients," said Kellee Campbell.

"TP ICAP's acquisition marks the next exciting chapter in Aotearoa Energy's journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer," said Daniel Skipper.

This news comes after that FalconX, the world's largest institutional digital asset prime broker and the first CFTC registered swap dealer, has built a collaboration with TP ICAP.