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 ...
Gil Mandelzis has decided to step down from his position as CEO of EBS BrokerTec, and will be leaving the company in due course, Icap announced today.
In a statement issued today regarding this news, Michael Spencer, CEO of Icap, ...
ICAP plc (Icap), this morning announced that Seth Johnson, currently head of strategy at its global broking division, has been appointed CEO of EBS BrokerTec, taking over from outgoing CEO Gil Mandelzis who, as announced on 21 July is leaving Icap.
Johnson had previously held the role CEO of BrokerTec, but in late 2014, stepped aside when Mandelzis, then head of EBS, was handed the business as CEO of a newly combined EBS BrokerTec.
As head of strategy for global broking, Johnson has been responsible for growing revenues, improving the application of technology to the company’s business model, and expanding customer coverage. He 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), the company says.
As EBS BrokerTec prepares for the departure of a CEO that has driven so much change at the firm and its transition to being part of Nex, Galen Stops looks at the firm’s evolving role and identity within the FX market.
News that Gil Mandelzis, CEO of EBS Brokertec, is stepping down from the role has triggered the usual speculation over a successor and the business conditions the next CEO will face. Without doubt, the next head of EBS will be taking the reins of a very different company to that inherited by Mandelzis.
After four and a half years, Gil Mandelzis has stepped down as CEO of EBS BrokerTec. In a wide-ranging conversation with Colin Lambert he talks about his time in charge of what remains an important piece of the foreign exchange industry's infrastructure; the challenges and rewards involved in transforming EBS into a multi-product business; the rebuilding of trust with the industry; geographical and economic growth; and his hopes for the future of the firm - and the wider FX industry.
Capitolis, the financial services technology provider established by former Traiana CEO and head of EBS Brokertec, Gil Mandelzis; former CEO of Thomson Reuters, Tom Glocer; and Igor Teleshevsky, also formerly of Traiana, says it has secured two rounds of financing, a Series A investment of $20 million led by Index Ventures, and a prior $9 million Seed round led by Sequoia Capital. Capitolis is designing multiple new products and services to address capital markets constraints, initially in equities and foreign exchange.