Tim Cartledge to join EBS BrokerTec as Chief Strategy Officer

16 November 2015
Tim Cartledge, Chief Strategy Officer, EBS BrokerTec

London, New York, 16 November 2015 – EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that Tim Cartledge has been appointed Chief Strategy Officer, effective immediately. Tim will report to Gil Mandelzis, CEO and join both the EBS BrokerTec Executive Management Team and the ICAP Global Executive Management Group. Tim will be based in London.

Tim was formerly at Barclays Bank where he was Head of Global Fixed Income Currencies and Commodities (FICC) Electronic Trading from 2014 until May 2015. Between 2004 and 2014, Tim held various positions as Managing Director at Barclays Capital where he was responsible for building Barclays’ highly successful electronic FX business. Prior to this Tim held roles at Dresdner Bank, Credit Suisse and Goldman Sachs.

In this role, Tim will be responsible for leading and delivering on the strategic direction of EBS BrokerTec, following the successful integration of EBS and BrokerTec in July 2015. Tim brings significant expertise in electronic trading within both the foreign exchange and fixed income markets, at a time when EBS BrokerTec is bringing together its two leading central limit order book platforms and disclosed trading venues EBS Direct and BrokerTec Direct.

Michael Spencer, Group CEO of ICAP Plc and Chairman of EBS BrokerTec, said: “Since combining EBS and BrokerTec under Gil Mandelzis we have made great progress in integrating our products, services and technology. We have ambitious plans to further grow our electronic broking business and I am delighted that Tim has agreed to join EBS BrokerTec to help execute on our strategy. Tim joins with an impressive track record and tremendous experience in the markets we operate in. I look forward to working with Gil and Tim to execute on our strategy of expanding our addressable market.”

Gil Mandelzis, CEO of EBS BrokerTec, said: “Over the past three years, we have steadily been building our EBS and BrokerTec product offerings to offer a diverse range of liquidity and trading styles to a much broader array of customers. Having completed the integration of both businesses, we have laid the foundations for the next stage in our growth and development. We are thrilled that Tim has agreed to join EBS BrokerTec and help us take our electronic fixed income and FX offering to the next level.”

Tim Cartledge, Chief Strategy Officer, EBS BrokerTec, said: “The EBS and BrokerTec platforms are extremely well-regarded as industry leaders in the FX and fixed income markets. Over the past few years EBS has transformed itself into a multi-product, growth business and built a very strong foundation for expansion. EBS BrokerTec is exceptionally well positioned to lead the market in the years to come and I am looking forward to being part of this exciting journey.”

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.

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