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Foreign Exchange

EBS announces management shakeup; Steve Toland among departures from firm

Steve Toland, head of FX sales for EMEA and the Americas at ICAP, has left after six years with the firm to pursue new opportunities, according to an internal memo seen by EuromoneyFXNews. It is believed that two of Toland’s colleagues, Rob Parr and Clive Hadingham, also left the firm yesterday, according to a source.

Toland joined EBS (acquired by ICAP in June 2006) in May 2005 as regional sales manager for Europe, the Middle East and Africa. He previously worked for Reuters in New York, where he was head of Americas sales. Before this, he worked for British Telecom in the UK. At ICAP Toland is responsible for all sales activity in EMEA and the Americas relating to the EBS platform, including EBS Spot, EBS Prime, EBS Spot Ai, Market Data and other commercial initiatives.

His departure comes as EBS announced a restructuring of its management team on Monday. Jeff Ward, previously based in Singapore, will move to London and take on the newly created role of global head of FX sales, while Chris Soriano will be the regional FX sales manager in Asia. Daniel Torrey will remain regional sales manager for North America and Darryl Hooker will move into the newly created role of head of emerging markets.

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