EBS BrokerTec shuffles FX business structure

Several new senior appointments within the FX business at EBS BrokerTec have been announced.

EBS BrokerTec has implemented a new internal structure for its foreign exchange business.

The new structure will see EBS present itself as a ‘service-driven’ business focused on customers need rather than operating in product specific teams.

Several senior appointments were made as part of the restructure, including Tim Cartledge, now global head of FX and head of product, and Jim Iorio, now global head of sales and head of FX Americas.

Daryl Hooker has also been appointed as global head of metals and spot & head of FX EMEA, while Jeff Ward has been named global head of NDFs and forwards & head of FX Asia.

Seth Johnson, CEO at EBS BrokerTec explained the new internal structure is part of an ongoing initiative to “clarify and solidify our relationships with our customers.”

He added: “The new structure of these teams moves us away from being a product-oriented organisation, and instead results in EBS becoming a service-driven business, focused on what our customers need.”

Speaking to The TRADE in February, Johnson explained how the EBS business differs from its competitors.

He said: “In terms of how we differ from our competitors we are able to offer public market central order book capabilities and relationship-based platforms, but we also have a global footprint in distribution, which no other platform can rival or compete with in the FX space.”