TP ICAP, the world’s largest interdealer broker, is today pleased to announce the appointment of Eric Sinclair as CEO, Information Services.

Eric will join TP ICAP on 13 November following Frank Desmond’s decision to leave the company after 12 years of service.

Eric has a wealth of experience across the financial services industry, and spent 14 years at the Toronto Stock Exchange (TMX) where he was most recently President of its Market Insights division. Prior to working at TMX, Eric was Executive Vice President at Spectra Securities Software and Vice President, Reuters.

During his time at TMX, Eric led the growth of their data business by focussing on strategic partnerships and acquisitions, as well as the development of new products and services, the company’s sales force, and client services.

John Phizackerley, Chief Executive, TP ICAP said: “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.”

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.”