ICAP (IAP.L), the world's premier interdealer broker, announced today that Gil Mandelzis, CEO of Traiana, has been appointed to ICAP's Global Executive Management Group. He will continue to report to ICAP Group Chief Operating Officer Mark Yallop.
Michael Spencer, ICAP's Chief Executive, said: "I am delighted that Gil Mandelzis is joining ICAP's Global Executive Management Group. With his broad experience and knowledge of the structure of financial markets and technology driven businesses, he will make a very valuable contribution to our executive management team".
Gil Mandelzis co-founded Traiana in April 2000 and continued as Chief Executive Officer following ICAP's acquisition of the company in October 2007. His role at Traiana is to consolidate the company's position as the market standard for post-trade processing for FX transactions working with a wide range of market participants, while expanding its offering in other OTC markets. Prior to Traiana, Gil worked in the M & A group at Deutsche Bank Alex Brown (formerly BT Wolfensohn) in New York, where he advised companies in the financial and technology sectors. Gil holds a MBA from INSEAD.