Duncan Goldie-Morison joined money broker Icap as a non-executive director on November 20 as a member of the audit, remuneration and nominations committees. Earlier this year, he left Bank of America, where he was managing director, head of the global markets group and head of Asia (see Profit & Loss, March 2003), and is currently senior managing director of Ritchie Capital Management, a multi-strategy hedge fund in New York.
He has also spent four years as a board member of the International Swaps and Derivatives Association and an executive committee member of the Bond Market Association.
Separately, Jay Spencer has become Icap’s global chief information officer. He was chief technology officer of BrokerTec Global prior to Icap’s acquisition of BrokerTec’s cash operations in May.
“The acquisition of BrokerTec has transformed Icap into a large user of technology,” says David Gelber, COO. “With Jay Spencer at the helm, this new and clearer structure will progress and streamline Icap’s efforts to achieve uniform technology solutions on a global basis. Jay, together with his 300 staff worldwide, will be working to address the technology requirements of both our electronic and voice broking business in a timely and cost effective manner.”
Prior to BrokerTec, Spencer was president of Advisor Technology Services, part of Fidelity Investments, and has also been managing director of EJV Partners, a technology driven financial information consortium of dealer firms, as well as senior vice president of SEI Asset Management and American Management Systems and IBM.