ICAP PLC ICAP plc appoints CEO of EBS BrokerTec (3740J)
September 09 2016 - 2:00AM
UK Regulatory
TIDMIAP
RNS Number : 3740J
ICAP PLC
09 September 2016
ICAP plc appoints Seth Johnson CEO of EBS BrokerTec
London, 9 September 2016 - ICAP plc (IAP.L), a leading markets
operator and provider of post trade risk mitigation and information
services, is pleased to announce that Seth Johnson, currently Head
of Strategy at ICAP's Global Broking division, has been appointed
CEO of EBS BrokerTec. Seth takes over from Gil Mandelzis who, as
announced on 21 July 2016, has decided to leave ICAP.
As Head of Strategy for Global Broking, Seth has been
responsible for growing revenues, improving the application of
technology to the company's business model, and expanding customer
coverage. Seth previously led the expansion of ICAP's Electronic
Markets product portfolio as Chief Executive Officer of BrokerTec
and CEO of the ICAP Securities & Derivatives Exchange
(ISDX).
Seth will continue to sit on the ICAP Global Executive
Management Group (GEMG) and will report directly to ICAP CEO
Michael Spencer.
Michael Spencer, CEO of ICAP, said: "I would like to
congratulate Seth on his new role. His experience and understanding
of our products and our clients, and his determination to develop
EBS BrokerTec and maximise its performance for clients and
shareholders alike, made him the outstanding candidate for the
position. His appointment is a testament to the strength and depth
of talent we have within ICAP.
"I would also like to reiterate my thanks to Gil, who has played
a central role in building EBS BrokerTec into the world class
business it is today. Seth's appointment is another exciting step
as ICAP transitions to become NEX Group plc, the leading venue for
electronic transactions in OTC products and post trade
services."
Seth Johnson said: "EBS BrokerTec has expanded its offering by
adding new products and capabilities to the business, an approach
that has played an important role in transforming it into the
diversified multi-product company it is today. EBS BrokerTec now
has tremendous capability to serve the broadest range of clients in
both the FX and fixed income markets. I am looking forward to
working with the company's outstanding management team and staff to
grow the business and to realise and monetise the investments made
to date. The driving force of EBS BrokerTec has always been how to
best serve its customers and this will remain our key focus".
Ends
Contacts
Alex Dee Head of Investor Relations +44 (0) 20 7050 7420
Guy Taylor Communications, Americas + 001 (0) 212-521-4614
Rebecca Mitchell Maitland +44 (0) 7951 057 351
Notes to Editors
Seth Johnson
Seth Johnson previously held the role of Head of Strategy for
Global Broking, responsible for developing the division's strategy,
focusing on growing revenue, improving the application of
technology to its business model and expanding customer coverage.
Prior to this, Seth led the expansion of ICAP's Electronic Markets
product portfolio in his role as Chief Executive Officer of both
BrokerTec and ISDX. He joined ICAP from university as a graduate
trainee and has worked in the Company for more than 20 years. For
ten years, Seth was the Managing Director of the interest rates
options and inflation swaps desks where he oversaw the introduction
of new and innovative trading solutions, including the volume match
system.
About EBS BrokerTec
An award-winning division of the ICAP Group at the heart of the
foreign exchange and fixed income global markets, EBS BrokerTec is
a market-leading e-trading technology and solutions provider,
offering access to multiple execution options and diverse, valuable
liquidity. Constantly creating new, ground-breaking solutions,
while continuously investing in proven, market-leading platforms
and products, the business provides exceptional value to a globally
diverse community of professional traders. For more information, go
towww.ebsbrokertec.com.
About ICAP
ICAP is a leading markets operator and provider of post trade
risk mitigation and information services. The Group matches buyers
and sellers in the wholesale markets in interest rates, credit,
commodities, FX, emerging markets and equity derivatives through
voice and electronic networks. Through its post trade risk
mitigation and information services ICAP helps customers manage and
mitigate risks in their portfolios. For more information, go to
www.icap.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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