Richard Kerschner joins EBS as Chief Corporate Development Officer

26 February 2013

London and New York, 26 February 2013 – EBS, ICAP's market-leading electronic FX business, today announces that Richard Kerschner is joining the Company as Chief Corporate Development Officer and a member of the EBS Executive management team, reporting to Gil Mandelzis, EBS’s Chief Executive Officer.

Based in New York, Richard will be responsible for leading EBS's new business initiatives, its strategic direction with regards to new regulatory reforms and the company's alliances, partnerships and business development efforts.

Richard joins EBS from CLS where he was Executive Vice President and Chief Corporate Development Officer responsible for strategic planning and analysis, strategic initiatives, relationship management and communications. Prior to CLS he held several roles as part of the senior management team of the New York Mercantile Exchange through its IPO and ultimate acquisition by the CME, including Head of Strategic Initiatives, General Counsel, and Head of Corporate Governance at NYMEX.

Richard Kerschner said: "EBS is a global market leader, with a proven track record in partnering with the industry and a commitment to thought leadership and innovation. I am thrilled to join EBS during these exciting times and I am looking forward to working closely with EBS's customers and partners on new strategic initiatives."

Gil Mandelzis said: "Richard brings outstanding capabilities to EBS including a track record of strategic thinking and leadership of new initiatives from inception to execution in FX as well as other markets. Richard will play a key role in ensuring EBS continues to deliver on its commitment to innovation, thought leadership and partnership with the industry in the years to come."


Serra Balls Head of Public Relations +44 (0)20 7050 7124
Guy Taylor Communications US +1 212 341 9759
Andrea Coleman Maitland +44 (0)20 7395 0420

About EBS
ICAP's award-winning EBS business is at the heart of electronic spot FX trading and remains the core source of genuine, executable spot FX liquidity and independent benchmark pricing for professional trading counterparties in all market conditions.

EBS's platforms deliver reliable, efficient and effective access to spot FX, precious metals and NDF traders globally, in both established and emerging markets, offering optimal price discovery and execution, and support a wide range of FX trading strategies, as well as API and manual trading. For more information, go to

About ICAP
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

Contact Us

Bryony Scragg
Head Of Media Relations +44 20 7818 9689 LinkedIn
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Casey Sheets
Media Relations (US) +1 212 521 4627 LinkedIn
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