Barclays veteran eFX distribution head to lead FX hub at TP ICAP

Holden Sibley will join TP ICAP as managing director and head of FX Hub after 17 years at Barclays.

Interdealer broker TP ICAP has hired the head of eFX distribution for the Americas at Barclays to leads its FX trading services business.

Holden Sibley has been appointed managing director and head of FX Hub at TP ICAP, in a newly-created role based in New York, to drive the broker’s electronic solutions and coordinate delivery of its capabilities across voice, hybrid, and pure electronic channels.

He joins TP ICAP after 17 years at investment bank Barclays where he worked in various electronic and distribution roles, most recently as managing director and head of Americas eFX distribution in the macro division. Sibley’s remit is global and his role will cover both the Tullett Prebon and ICAP brands.

“Holden’s appointment reinforces the core strength and technical capabilities of our leadership team. Our electronification strategy will benefit our entire FX franchise across products and execution methods and Holden will play an instrumental role in delivering this,” said CEO of TP ICAP’s global broking business, John Abularrage.

The latest senior appointment follows the launch of FXOhub, TP ICAP’s new FX options trading platform, which allows traders access to both the TP ICAP order book and request for quote (RFQ) liquidity. Traders can electronically execute in RFQ mid-pricing auctions on screen, and submit runs of orders on the order book on more than 250 currency pairs.

“What drew me to TP ICAP was the combination of the firm’s deep liquidity, strong relationships, and the opportunity to participate in driving further evolution in FX markets,” said Sibley commented. “The firm has an established foundation in delivering technology platforms and operating venues, and I want to be part of its commitment to continue growing its electronic presence to deliver a range of solutions to meet client needs.”