Interdealer broker Icap has expanded its base metals broking business by opening a New York sales desk and hiring Marc Carozza.
Carozza previously worked for Bear Stearns and Calyon Financial.
Icap began broking London Metal Exchange base metals in January 2009 with a Category Two membership of the LME.
Robert Rees, managing director, global base metals, says: “We are focused on extending our global reach in base metals and building on the successes of our London based business.”