People Moves

Ex-ICAP duo Hadjedj and Mardel launch event-driven broking firm United First Partners


Event-driven brokers Michael Hadjedj and Stephane Mardel have opened the doors on their own independent brokerage called United First Partners just over a year after leaving Icap.

Michael Hadjedj and Stephane Mardel

Well-known from their years at Tullett and then at Icap, where they set up the risk arb and special situations desk in 2005 and developed it into one of the City's leading event-driven broking operations with a team of 20 people, Hadjedj and Mardel quit Icap in October 2008 and spent a further eight months setting up their new firm