EBS BrokerTec, a provider of electronic trading technology and services, has unveiled a new internalized structure for its electronic foreign exchange (FX) operations, focusing on a total of seven new core areas, according to a group statement.
EBS BrokerTec’s new operational regime will be taking effect immediately, emphasizing products, sales, emerging markets (EM), forwards, liquidity management, trading execution, and prime and credit management. The new changes in its structure are designed to help promote a more customer-focused approach, with a more disaggregated core group of areas helping better cater to a growing clientele.
In addition to the change in structure, EBS BrokerTec has also announced a series of management changes, with four new appointments. As such, Tim Cartledge has been appointed as the group’s newest Global Head of FX and Head of Product, who will now be tasked with managing EBS BrokerTec’s FX business strategy and overseeing the EBS Product group.
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Jim Iorio is being elevated to the role of Global Head of Sales & Head of FX Americas. His mandate will be overseeing the EBS Sales group in its regional business activity in the Americas. Darryl Hooker will also see a newly expanded role as EBS BrokerTec’s Global Head of Metals and Spot & Head of FX EMEA – he will be responsible for the Trading Execution and Prime and Credit Management groups.
Finally, Jeff Ward will also focus on multiple new responsibilities as the group’s Global Head of NDFs and Forwards & Head of FX Asia, emphasizing EM, Forwards and Liquidity Management groups.
According to Seth Johnson, Chief Executive Officer, EBS BrokerTec, in a statement on the appointments and new structure: “This new internal structure for EBS is a significant milestone in our ongoing initiative to clarify and solidify our relationships with our customers.”
“The new structure of these teams moves us away from being a product-oriented organisation, and instead results in EBS becoming a service-driven business, focused on what our customers need. This is undoubtedly an exciting time for EBS BrokerTec and I firmly believe our new structure enables us to maximise the advantages we hold in our leading position servicing the FX markets,” he added.