EBS, ICAP’s market-leading electronic FX business, announced that Simon Friend is joining the Company as Head of Market Surveillance. He will report to Nichola Hunter and John Schoen, co-heads of EBS Market.
Based in London, Friend will lead the further development of EBS Market Surveillance and Enforcement that reinforces its leadership in maintaining and delivering the world’s largest pool of genuine FX liquidity. He joins EBS from the UK Financial Services Authority where he was a Senior Associate in the Transaction Monitoring Unit. He previously held a number of compliance and surveillance positions at both broking and trading firms.
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Simon Friend said: “EBS’ unique approach to enforcement and surveillance is impressive and thorough, particularly as a non-regulated institution. I am excited at joining the Company to make a meaningful difference to strengthening surveillance, promoting liquidity and providing an even more robust and efficient platform for the benefit of all market participants”.
Gil Mandelzis, CEO of EBS said: “One of the cornerstones of our strategy is to promote genuine liquidity and make sure appropriate behaviors are maintained on the platform. Our surveillance capabilities and team, already unparalleled in the market, will now be strengthened significantly. Simon brings exceptional experience and capabilities, as well as passion to maintain and drive an orderly and professional market. Coupled with EBS’ other initiatives, we will continue to take a leadership position to provide the largest, global, most orderly, professional market for the benefit of our customers and the marketplace as a whole”.