FX market round up: Jeffery quits Icap
It was announced on May 25 that Jack Jeffery had resigned as chief executive of electronic broking at Icap. The broker understandably moved swiftly to replace him, announcing that John Nixon would take over the role. Jeffery had overseen EBS’s integration into Icap after it was bought out from its mainly bank-consortium owners in June 2006. Jeffery joined EBS from Citi in February 2002 and he is widely credited with maintaining and then advancing EBS’s position as the market’s pre-eminent spot platform.