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EBS Rebrands, Hires Two

One of the major players in the inter-dealer space has a new name…and new staff. Alice Attwood reports. 

Icap’s electronic foreign exchange
platform, EBS, has been renamed
EBS Market as part of a restructuring
of the management of the business.

Nichola Hunter and John Schoen have
been appointed the new co-heads of the
EBS Market platform, reporting to Gil
Mandelzis, chief executive officer of
EBS, effective immediately.

Mandelzis, says, “The EBS Market is
a fitting name for a platform that has
been and continues to be widely
regarded as the leading source of
benchmark pricing for the global FX
market. John and Nichola have led an
important and very successful effort
over the past year in partnership with
the entire EBS community. We are very
pleased with the progress we have
made and are excited about our plans
for the future. I’m delighted that
Nichola and John will be leading our
flagship platform and developing a
number of important initiatives that
will enable EBS to become a full
solutions provider to the FX market,
which I look forward to announcing in
due course.”

Their new roles will see Hunter and
Schoen sit on the EBS executive
management team. They will be
responsible for the continued development
of the platform to ensure it reaches its full
potential as the leading global source of
genuine, executable FX liquidity, says the
company. The new co-heads have been
charged with defining, implementing and
overseeing the EBS Market strategy,
continuing with platform surveillance and
monitoring practices to ensure appropriate
behaviour on the platform.

Hunter was most recently global head of
product management for EBS, a role she
took on in April last year amid a
restructure of the business (Profit & Loss,
May 2012). Before this she was global
head of client services at Icap after joining
the firm as head of customer services in
2003. Prior to this she was vice president
for information management at ABN
Amro.

Schoen has been serving as global head
of the EBS spot platform and market risk,
a newly created position that he took on
amid the same reshuffle. Before this he
was regional product manager for Europe,
Middle East and Africa, where he worked
with customer advisory groups, regulators
and central banks on discussions 
surrounding the evolution of the FX
market. He has also worked at EBS
Dealing Resources and before that was
vice president in the global foreign
exchange division of Barclays, where he
represented the bank on the board of
directors of EBS.

Hires

Meanwhile, EBS has made two
significant hires. Richard Kerschner has
joined as chief corporate development
officer and as a member of the platform’s
executive management team.

In the new role he reports to Mandelzis
and is based in New York. Kerschner will
be responsible for EBS’s new business
initiatives, its strategic direction following
regulatory changes and the company’s
alliances, partnerships and business
development efforts, says the company.

Kerschner was most recently at CLS
Group where he was executive vice
president and chief corporate development
officer. He joined in 2010 as head of
strategic initiatives – a newly created role
at the company (Profit & Loss, September
2010). Before this he held several senior
roles at the New York Mercantile
Exchange through its IPO and later 
acquisition by the CME, including general
counsel, and head of corporate governance
at Nymex.

Mandelzis says, “Richard brings
outstanding capabilities to EBS including
a track record of strategic thinking and
leadership of new initiatives from
inception to execution in FX as well as
other markets. Richard will play a key role
in ensuring EBS continues to deliver on its
commitment to innovation, thought
leadership and partnership with the
industry in the years to come.”

In an unrelated move, EBS has also
hired Bruce Wolf, who has left his role at
Integral Development Corp.

Wolf joined the sales team in New York
on 25 March, to lead the global
development and strategic direction of the
platform’s bank and broker clients. He
reports to Jeff Ward, global head of FX
sales.

He was most recently head of sales for
the Americas at Integral, also based in
New York. Before this, Wolf was at
Citigroup for seven years, covering banks
and brokers globally, serving in roles
including head of bank FX sales for
Europe, joining following a seven-year
stint at Thomson Reuters in various senior
sales management roles. 

Paul Gogliormella

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