ICAP-owned EBS BrokerTec announced today that Jim Iorio from Barclays has been named the Global Head of Sales in addition to joining the company’s Executive Management Committee, as per an official statement.
EBS BrokerTec is ICAP Group’s division of the foreign exchange and fixed income global markets. The company offers access to multiple execution options and diverse liquidity delivered to a globally diverse community of professional traders.
In his new role, Jim will be tasked with all sales across both the EBS and BrokerTec platforms, spanning multiple asset classes and products.
He joins EBS BrokerTec from Barclays Bank, having served as Global Head of Currency and Commodities Distribution at the lender. During his tenure at both Barclays and Lehman Brothers, Mr. Iorio held a wide variety of senior roles across fixed income asset classes. In addition, he has extensive experience leading high-performing global organizations through significant change and business cycles.
Mr. Iorio will be based out of New York and will join EBS BrokerTec with immediate effect, where he will report to Gil Mandelzis, the group’s Chief Executive Officer (CEO).
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Shift to Growth
Commenting in the press release, Gil Mandelzis, CEO of 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,” he added.
“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,” noted Jim Iorio, Global Head of Sales, EBS BrokerTec in an accompanying statement.
Earlier this month, EBS BrokerTec and ICAP made headlines after launching the first electronic FX benchmark for the Chinese yuan, in a bid to bolster the available services for its electronic trading platform.