EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, has appointed Tim Cartledge as Chief Strategy Officer.
Cartledge will report to Gil Mandelzis, CEO and join both the EBS BrokerTec Executive Management Team and the ICAP Global Executive Management Group. Tim will be based in London.
Cartledge was formerly at Barclays Bank where he was Head of Global Fixed Income Currencies and Commodities (FICC) Electronic Trading from 2014 until May 2015. Between 2004 and 2014, he held various positions as Managing Director at Barclays Capital where he was responsible for building Barclays’ highly successful electronic FX business. Prior to this he held roles at Dresdner Bank, Credit Suisse and Goldman Sachs.
In this role, Tim will be responsible for leading and delivering on the strategic direction of EBS BrokerTec, following the successful integration of EBS and BrokerTec in July 2015. He brings significant expertise in electronic trading within both the foreign exchange and fixed income markets, at a time when EBS BrokerTec is bringing together its two leading central limit order book platforms and disclosed trading venues EBS Direct and BrokerTec Direct.
Michael Spencer, Group CEO of ICAP Plc and Chairman of EBS BrokerTec, says: “Since combining EBS and BrokerTec under Gil Mandelzis we have made great progress in integrating our products, services and technology. We have ambitious plans to further grow our electronic broking business and I am delighted that Tim has agreed to join EBS BrokerTec to help execute on our strategy. Tim joins with an impressive track record and tremendous experience in the markets we operate in. I look forward to working with Gil and Tim to execute on our strategy of expanding our addressable market.”
Gil Mandelzis, CEO of EBS BrokerTec, says: “Over the past three years, we have steadily been building our EBS and BrokerTec product offerings to offer a diverse range of liquidity and trading styles to a much broader array of customers. Having completed the integration of both businesses, we have laid the foundations for the next stage in our growth and development. We are thrilled that Tim has agreed to join EBS BrokerTec and help us take our electronic fixed income and FX offering to the next level.”
Cartledge says: “The EBS and BrokerTec platforms are extremely well-regarded as industry leaders in the FX and fixed income markets. Over the past few years EBS has transformed itself into a multi-product, growth business and built a very strong foundation for expansion. EBS BrokerTec is exceptionally well positioned to lead the market in the years to come and I am looking forward to being part of this exciting journey.”
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