EBS BrokerTec has hired Jim
Iorio as its new global head of sales and also appointed him to the firms’ executive
Based in New York, Iorio
will be responsible for all sales across both the EBS and BrokerTec platforms,
spanning multiple asset classes and products. He will report to Gil Mandelzis,
CEO of EBS BrokerTec.
Iorio joins the firms
from Barclays, where he was global head of currency and commodities distribution
at the time when his departure from the bank was
announced in December 2015.
Iorio joined Barclays in 2008, initially leading the bank’s FX derivatives sales in New York before being relocated to Singapore, where he was head of FX distribution for Asia. In 2011 he moved back to New York, taking up the role of head of FX distribution for the Americas.
Prior to joining Barclays, Iorio spent 15 years as a managing director at Lehman Brothers and three years as a senior consultant at Price Waterhouse Management Consultants.
“Over the past few years we
have introduced multiple new products and expanded our client base into new
segments including corporates, asset managers and regional banks all over the
world. Now that many of these development initiatives are client ready, we are
shifting gears to grow our reach, and sales and distribution of these products.
We are delighted a professional of Jim’s experience and calibre is joining us
to lead this effort in this exciting stage in the evolution of EBS BrokerTec,”
Iorio,comments: “EBS BrokerTec and
ICAP are uniquely positioned for the evolving marketplace. With our focus on solving clients’ needs in a
rapidly changing trading environment, being on the front-foot of innovation and
providing market structure leadership, we have significant value to offer
clients in the years ahead. I am very
impressed with the team and very excited to be joining the business at this
exciting stage of its development.”