Simon Friend joins EBS as Head of Market Surveillance

26 March 2013

London and New York, 26 March 2013 – EBS, ICAP's market-leading electronic FX business, today announces 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.

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 behaviours 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."

Contacts

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

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 www.ebs.com.

About ICAPICAP 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.

Contact Us

Bryony Scragg
Media Relations - NEX
bryony.scragg@nex.com 0207 818 9689 LinkedIn
Bryony scragg

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