EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, announced today that Jim Iorio has joined the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee.
Based in New York, Jim 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.
Jim joins EBS BrokerTec from Barclays where he was Global Head of Currency and Commodities Distribution. During his career at both Barclays and Lehman Brothers, he has held a wide variety of senior roles across fixed income asset classes, and has extensive experience leading high-performing global organizations through significant change and business cycles.
Gil Mandelzis, CEO EBS BrokerTec, said: “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”.
Jim Iorio, Global Head of Sales, EBS BrokerTec, said:
“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.”