ICAP's EBS Hires Chief Corporate Development Officer


EBS, ICAP's market-leading electronic FX business, has announced that Richard Kerschner is joining the Company as Chief Corporate Development Officer and a member of the EBS Executive management team, reporting to Gil Mandelzis, EBS’s Chief Executive Officer.

Based in New York, Kerschner will be responsible for leading EBS's new business initiatives, its strategic direction with regards to new regulatory reforms and the company's alliances, partnerships and business development efforts.

Kerschner joins EBS from CLS where he was Executive Vice President and Chief Corporate Development Officer responsible for strategic planning and analysis, strategic initiatives, relationship management and communications. Prior to CLS he held several roles as part of the senior management team of the New York Mercantile Exchange through its IPO and ultimate acquisition by the CME, including Head of Strategic Initiatives, General Counsel, and Head of Corporate Governance at NYMEX.

Kerschner said: 'EBS is a global market leader, with a proven track record in partnering with the industry and a commitment to thought leadership and innovation. I am thrilled to join EBS during these exciting times and I am looking forward to working closely with EBS's customers and partners on new strategic initiatives'.

Mandelzis said: 'Richard brings outstanding capabilities to EBS including a track record of strategic thinking and leadership of new initiatives from inception to execution in FX as well as other markets. Richard will play a key role in ensuring EBS continues to deliver on its commitment to innovation, thought leadership and partnership with the industry in the years to come'.

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