Patrick Birley appointed Chief Executive Officer of ISDX
27 March 2014
London, 27 March 2014 – ICAP Securities & Derivatives Exchange (ISDX) announces that it has appointed Patrick Birley as Chief Executive Officer. Patrick joins ISDX from 1 April 2014. He takes over the role from Seth Johnson, CEO of BrokerTec, ICAP's fixed income electronic trading platform, who will focus solely on leading BrokerTec and is now based in New York.
Patrick has held senior positions at a number of exchanges and financial institutions, including NYSE Euronext, the London Stock Exchange, LCH.Clearnet and the South African Futures Exchange (Safex).
Commenting on the appointment, Seth Johnson said: “ISDX has developed as a business since ICAP acquired the company in 2012. Having implemented robust new admissions criteria for ISDX last year, we are wholly focused on leveraging ICAP’s extensive expertise to build liquidity and deliver value for clients and investors. Patrick has an impressive track record working across a range of exchanges and clearing houses and his experience will prove invaluable in taking ISDX forward.”
Patrick Birley commented: “I believe ISDX has great potential to play a key role in the evolving capital markets landscape. I am looking forward to working with the key stakeholders to continue to develop the ISDX strategy and to ensure we offer a credible environment for the successful listing and trading of equities and, potentially, other financial products.”
Rebecca Mitchell / Rachel Pescod, Maitland 020 7379 5151
Notes to Editors:
Patrick has most recently been running Goddards brewery on the Isle of Wight. Previously he held senior positions at NYSE Clearing, the London Stock Exchange, the European Climate Exchange, LCH.Clearnet, the London Metal Exchange and FTSE International. He began his financial markets career at the fledgling South African Futures Exchange (Safex).
About ICAP Securities & Derivatives Exchange
ICAP Securities & Derivatives Exchange (“ISDX”) is a London-based market providing UK and international companies with access to capital through its fully listed and growth markets. The ISDX Growth Market is a venue for small and medium sized companies seeking to raise growth capital (typically between £150,000 and £5 million), to achieve an independent market valuation and to enhance their corporate profile.
ISDX is a Recognised Investment Exchange (RIE) under the Financial Services & Markets Act 2000, a Recognised Stock Exchange under the Income Tax Act 2007 and a member of the ICAP Group.
For more information, please go to www.isdx.com
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match 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, please go to www.icap.com.