ICAP appoints new CEO to technology arm 21 May 2012London Reporter: Georgina Lavers
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Interdealer broker ICAP has appointed Andy Coyne as the new CEO of Traiana, its post-trade technology division.
Coyne joins Traiana from Citi, where he was head of FX prime and e-commerce products. He will be based in London and report to the founder of Traiana, Gil Mandelzis, who has moved to the newly created role of executive chairman.
In his role, Coyne will be responsible for all aspects of Traiana's global business across asset classes, including foreign exchange (FX), exchange traded derivatives, equities, equity derivatives, fixed income and rates.
During six years at Citi, Coyne helped to build Citi's global FX prime brokerage business, and prior to that, he was head of FX prime brokerage at Deutsche Bank.
Mandelzis said: "We are delighted and proud that Coyne recognised the tremendous opportunities that lie ahead for Traiana and chose to lead us in achieving them."
Coyne added: "Traiana has fundamentally transformed the FX landscape and is helping customers extend this across asset classes in equities, exchange traded derivatives, fixed income and interest rates."
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