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EBS BrokerTec, a NEX Group business which provides electronic trading technology and services, announces a new internal structure for its electronic foreign exchange (FX) business, EBS, to allow it to better serve its customers.
The new structure which is effective immediately, presents EBS as a service-driven business focused on what customers need, rather than operating in product specific teams. As such EBS’ product, sales and client orientation teams will now be structured around seven core areas comprising:
| Team | Responsibilities |
|---|---|
| Product | Responsible for product development in accordance with our business strategy. |
| Sales | Focused on growth through acquisition, account management and cross-selling. |
| Emerging Markets | Merging our respective strategic currency specialists into one group, Emerging Markets will be focused on growing volumes and counterparties in emerging market currency pairs and products, across all our platforms. |
| Forwards | A dedicated team driving growth in forwards trading over all EBS platforms. |
| Liquidity Management | Focused on the development of our bank and non-bank community of liquidity providers and market makers. |
| Trading Execution | Working with our trader community to maximise usage, adoption and optimisation of user set-up. |
| Prime & Credit Management | A dedicated group helping our customers to access and execute on our venues through the provision of credit management, prime brokerage and clearing services. |
To support the new structure, the following management appointments have been made, subject to regulatory approval:
- Tim Cartledge has been appointed Global Head of FX and Head of Product - responsible for our FX business strategy and overseeing the EBS Product group
- Jim Iorio, Global Head of Sales & Head of FX Americas - responsible for the EBS Sales group and overseeing regional business activity for EBS in the Americas
- Darryl Hooker, Global Head of Metals and Spot & Head of FX EMEA - responsible for the Trading Execution and Prime and Credit Management groups. Darryl will also oversee regional business activity for EBS in EMEA
- Jeff Ward, Global Head of NDFs and Forwards & Head of FX Asia- responsible for the Emerging Markets, Forwards and Liquidity Management groups. Jeff will also oversee regional business activity for EBS in the Asia region
Seth Johnson, Chief Executive Officer, EBS BrokerTec, said: “This new internal structure for EBS is a significant milestone in our ongoing initiative to clarify and solidify our relationships with our customers. The new structure of these teams moves us away from being a product-oriented organisation, and instead results in EBS becoming a service-driven business, focused on what our customers need. This is undoubtedly an exciting time for EBS BrokerTec and I firmly believe our new structure enables us to maximise the advantages we hold in our leading position servicing the FX markets.”
