TP ICAP, the world’s largest interdealer broker, today named Eric Sinclair as CEO of its data and analytics division to lead its fast-growing information business, which attracted growing interest in recent months ahead of MiFID II implementation at the beginning of 2018.
Mr. Sinclair will assume his new role effective November 13, replacing Frank Desmond who decided to part ways with the London group’s unit after 12 years of service.
TP ICAP’s data and analytics division is a provider of real-time price information from the global OTC financial and commodity markets, covering data from the wholesale inter-dealer brokered financial markets.
TP ICAP was formed last year following Tullett Prebon’s acquisition of the voice-broking business from its former rival interdealer broker ICAP.
Eric Sinclair joins TP ICAP from TMX Insights, a sub-division of TMX Markets, ending a 14-year tenure with the Canada-based exchange operator. At TMX, he was responsible for leading its multi-asset class data and information services business, providing product and delivery solutions to an international capital markets. During his term with the Canadian bourse, Sinclair oversaw the sale of its wireless and extranet infrastructure services business, known as TMX Atrium, to Intercontinental Exchange (ICE).
Prior to TMX Group, he served as Sales Executive for Sanchez Computer Associates Inc., where he was responsible for global sales for its wealth management division.
Earlier in his career, Eric acted as VP of sales and business development at Thomson Reuters, part of a lengthy career that spanned over 13 years.
Commenting on his appointment, Eric Sinclair said: “I am delighted to be joining TP ICAP. One thing that has been clear to me throughout the process of joining the company is that it has high ambition for its Information Services division and I am excited to be a part of its growth and development story over the coming months and years.”
John Phizackerley, CEO of TP ICAP, added: “I am pleased to welcome Eric to TP ICAP. Eric will play an instrumental role as we look to expand our products, services and analytics capabilities, accelerating our plans to develop our Information Services division. I would also like to take this opportunity to thank Frank for his tremendous dedication to the company over the years. He has seen the business grow into the world’s leading provider of proprietary data business with a completely unique source of data. I wish him all the very best for the future.”