ICAP appoints Andy Coyne as Chief Executive Officer of Traiana
21 May 2012
New York/London, 21 May 2012 – ICAP plc announced today that it has appointed Andy Coyne as Chief Executive Officer, Traiana. Andy Coyne joins Traiana from Citi, where he was Head of FX Prime and eCommerce Product. He will report to Gil Mandelzis, founder of Traiana, who has moved to the newly created role of Traiana Executive Chairman.
In his role, Coyne will be responsible for all aspects of Traiana’s global business across asset classes including foreign exchange (FX), exchange traded derivatives, equities, equity derivatives, fixed income and rates. Andy Coyne will be based in London.
In his six years at Citi, Andy Coyne played a pivotal role in building Citi’s global FX prime brokerage business and building the bank into one of the industry leaders in FX. Prior to Citi Andy was Head of FX Prime Brokerage at Deutsche Bank and held a number of management positions at Bankers Trust. He has also been a key leader in numerous industry initiatives and associations, serving on the board of CLS Aggregation, and previously serving on the board of FXAll prior to its initial public offering.
Gil Mandelzis, Executive Chairman of Traiana, said, “Andy is ideally suited to lead Traiana and take it to the next stage of its development. Andy has been building successful businesses in the industry for years, is widely recognised as a thought leader and is respected throughout the industry. We are delighted and proud that Andy recognised the tremendous opportunities that lie ahead for Traiana and chose to lead us in achieving them.”
Michael Spencer, CEO of ICAP plc, added, “We are delighted to welcome an executive of Andy’s calibre to the Group. Traiana is an important company in our portfolio and plays an increasingly key role in the post-trade landscape. Andy’s vision and experience will be invaluable as Traiana continues to grow.”
Andy Coyne, CEO, Traiana said, “I am thrilled to join the Traiana team at such an exciting time for the company and the industry. Traiana has fundamentally transformed the FX landscape and is helping customers extend this across asset classes in equities, exchange traded derivatives, fixed income and interest rates. I look forward to working with Traiana’s customers and partners to innovate and deliver even greater value in the future.”
About Traiana Inc.
Traiana Inc. (www.traiana.com) provides global banks, broker/dealers, buy-side firms and e-trading platforms with solutions to automate post-trade processing of financial transactions. Traiana's post-trade solutions and the Harmony Network are used by over 500 of the world's leading financial market participants and have become the market standard for post-trade processing of foreign exchange, exchange traded derivatives, cash equities, and CFD equity swap transactions. Traiana, an ICAP company, is headquartered in New York City with offices in London, Chicago, Tel Aviv and Tokyo.
ICAP is the world’s leading interdealer broker and provider of post trade risk 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 our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.
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