Jack Jeffery, chief executive of electronic broking at Icap, quit the broker almost a year to the day after its purchase of EBS. Jeffery, who was parachuted into EBS from Citi in February 2002, had overseen EBS’s integration into Icap, which moved swiftly to replace him, announcing that market veteran John Nixon had assumed the role.
Shortly after Jeffery left, two other members of the EBS management team, James Sinclair and Ed Howorka, followed suit. Senior salesman Darren Jer also decided to leave.