Prince Harry "seals" $15 billion deal for charity

Thu Dec 11, 2008 11:37am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Paul Adrian Raymond

LONDON (Reuters Life!) - Britain's Prince Harry has defied the credit crunch and sealed a 10 billion pound ($15 billion) deal via a major London trading firm in the name of charity.

On a visit to electronic brokerage firm ICAP in London on Wednesday, the 24-year-old royal took to the phones and confirmed the deal with a major client, in the process raising money for charities around the world.

Surrounded by financial workers dressed in costumes, the prince spent the day at ICAP for its annual Charity Day, when staff dress up and the day's takings are donated to aid projects in places such as Mumbai, Sydney and Bogota.

Harry celebrated his successful trade with the traditional shout of "Yours!" to cheers from ICAP employees in various get-ups including Amy Winehouse, gospel singers, and a doughnut.

John Herbert, ICAP's managing director of foreign exchange and money markets, guided the prince through the deal.

"I was dressed as (traditional pantomime character) Widow Twankey, so I naturally didn't have much credibility in front of him or my staff," Herbert told Reuters.

"His initial reaction upon meeting me was to look aghast at my Panto Dame outfit and say, 'that's absolutely wrong!'"

Herbert set Harry to work negotiating a complex deal called a Sterling Overnight Index Swap or "Sonia."   Continued...

<p>Britain's Prince Harry (R) closes a 250 million euro deal with broker Amanda Hartnell (L) at the offices of city traders ICAP in London, December 10, 2008. REUTERS/ Kirsty Wigglesworth/Pool</p>