23 Aug

ICAP creates single, global voice broking division

Interdealer broker and provider of post trade risk and information services, ICAP, has revealed an internal reorganisation that will create a single, global voice broking division. It will be renamed ‘Global Broking’ from ‘Voice’ and will be run by David Casterton (most recently CEO of the EMEA voice business), who has been promoted as CEO of the division. He will have three regional heads reporting to him: Hugh Gallagher, who remains CEO of Asia/Pacific and a member of ICAP’s global executive management group; and Gary Smith and Dan Flannery, who are promoted as head of EMEA broking and head of Americas broking, respectively. In addition, Doug Rhoten will become chairman of ICAP AMERICAS.

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