Icap Energy’s Francis wrestles with regulatory change

New European energy and commodities head faces tough decisions

Graham Francis - Icap Energy
Graham Francis, Icap Energy

Graham Francis admits it was "a little daunting" to step into the shoes of one of the leading figures in the world of energy derivatives last year.

In July 2014, Francis became London-based managing director of energy and commodities for Europe, the Middle East and Africa at Icap Energy, taking over from Paul Newman, who had held the position for more than two decades. Newman took on a new role as chairman of Icap Energy.

Francis, who was just 36 when he got the promotion, offers an analogy from

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