ICAP PLC Gil Mandelzis to step down as CEO of EBS BrokerTec (7924E)
July 21 2016 - 1:00AM
UK Regulatory
TIDMIAP
RNS Number : 7924E
ICAP PLC
21 July 2016
ICAP plc announces that Gil Mandelzis has decided to step down
as CEO of EBS BrokerTec
London, 21 July 2016 - ICAP plc (IAP.L), a leading markets
operator and provider of post trade risk mitigation and information
services, announces that Gil Mandelzis, CEO of EBS BrokerTec, has
decided to step down from his position and will be leaving the
company in due course.
Michael Spencer, CEO of ICAP, said: "Gil Mandelzis has been a
truly outstanding leader of our Electronic Markets division,
playing a central role in the successful expansion and integration
of the EBS and BrokerTec businesses. Gil co-founded Traiana back in
2000, a business ICAP acquired in 2007, and has undoubtedly made a
lasting and meaningful contribution to the evolution of the foreign
exchange (FX) and fixed income industries. He has decided, however,
that his career should now take a different direction and we have
accepted this.
"We now begin the search for a new CEO for EBS BrokerTec and
will be looking at both internal and external candidates for what
is an important and very exciting role. Gil will remain in his
current position meanwhile.
"I would like to extend my warmest thanks to Gil for his
significant contribution to ICAP over many years and for the
tremendous role he has played in building the Electronic Markets
division into the world class business it is today. We are very
excited about the future as ICAP transitions to become NEX Group
plc and whoever takes over this role will play an important part in
that future."
Gil Mandelzis, CEO of EBS BrokerTec, said: "I am very proud of
our achievements at ICAP. From Traiana's significant growth,
positioning it as a global player in pre and post trade services
through to the transformation of ICAP's electronic FX and fixed
income businesses into a fully integrated multi-product offering. I
have decided that it is a good time for me to start a new
chapter.
"I feel privileged to have had the opportunity to work closely
with Michael Spencer and I have learnt so much from him during
exceptional times for ICAP and the financial markets overall. I am
very grateful for the guidance, partnership and support that he has
given me over the years. Together we have transformed EBS BrokerTec
from a single product business to a diversified multi-product
business entering new markets and geographies, and creating a very
strong foundation for expansion. We have built a world class team
at all levels of the organisation that will continue to deliver and
execute on the strategy, while innovating and collaborating with
the market to best serve our customers.
"Although I have decided to leave, I believe that EBS BrokerTec
is exceptionally well positioned for growth. I'd like to thank
everyone, especially the teams at EBS BrokerTec and Traiana, for
their hard work, loyalty and commitment over the years and most
notably Michael Spencer for his unwavering support and
friendship."
Ends
Contacts
Head of Investor +44 (0) 20 7050
Alex Dee Relations 7420
+44 (0) 207 818
Bryony Scragg Communications, UK 9689
+ 001 (0) 212 341
Guy Taylor Communications, Americas 9759
+44 (0) 20 7379
Neil Bennett/ 5151
+44 (0) 7951 057
Rebecca Mitchell Maitland 351
Notes to Editors
Gil Mandelzis - Biography
Since December 2014, Gil has been responsible for the EBS
BrokerTec, FX and fixed income business at ICAP. Prior to this, he
led the Group's electronic FX business, EBS. Gil co-founded Traiana
in April 2000 and led Traiana's growth from a small start-up to a
recognised global leader in post trade services resulting in
Traiana's acquisition by ICAP in 2007. Gil has been a member of
ICAP's Global Executive Management Group since 2009. Gil was
appointed to the New York Federal Reserve's Foreign Exchange
Committee, the Bank of England's Joint Standing Committee and the
Bank of Canada's FX Committee. He holds an MBA with Distinction
from INSEAD in Fontainebleau, France.
About EBS BrokerTec
An award-winning division of the ICAP Group at the heart of the
foreign exchange and fixed income global markets, EBS BrokerTec is
a market-leading e-trading technology and solutions provider,
offering access to multiple execution options and diverse, valuable
liquidity. Constantly creating new, ground-breaking solutions,
while continuously investing in proven, market-leading platforms
and products, the business provides exceptional value to a globally
diverse community of professional traders. For more information, go
to www.ebsbrokertec.com.
About ICAP
ICAP is a leading markets operator and provider of post trade
risk mitigation and information services. The Group matches buyers
and sellers in the wholesale markets in interest rates, credit,
commodities, FX, emerging markets and equity derivatives through
voice and electronic networks. Through its post trade risk
mitigation and information services ICAP helps customers manage and
mitigate risks in their portfolios. For more information, go to
www.icap.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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