TP ICAP Secures Mark Govoni as CEO of Agency Execution Division

The largest Interdealer broker worldwide, TP ICAP Group recently announced that it has appointed Mark Govoni as Chief Executive Officer of its Agency Execution division. Govoni will be based in New York and report directly to TP ICAP Group CEO Nicolas Breteau.

Govoni has replaced John Ruskin, who has decided to step away from the business having successfully led the integration of Liquidnet into the TP ICAP Group. Ruskin will stay with the Group until the end of June to ensure an orderly transition.

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TP ICAP's Agency Execution division is formed of the Liquidnet and COEX Partners brands. The two businesses provide trading services for a broad range of asset classes to a sophisticated client base of asset managers, asset owners and hedge funds.

Prior to joining TP ICAP, Govoni served most recently as President of Instinet, a firm he joined in 2012. Prior to Instinet, Govoni was a Managing Director at Nomura Securities International, responsible for U.S. Execution Services. Earlier in his career, he held senior Program and Electronic Sales trading positions at Merrill Lynch. 

Nicolas Breteau, Chief Executive Officer of TP ICAP Group, said:"Mark is a proven U.S. equity specialist. He has an extensive client network and is well connected to the industry's top talent. Combine this with his energy, ambition, and ability to build industry-leading businesses and Mark is well placed to drive the performance of our buyside-focused franchise in the U.S. and beyond."

Mark Govoni, Chief Executive Officer of Agency Execution, said:"TP ICAP's Agency Execution platform has strong and trusted client relationships, global reach, top tier technology and high calibre people. Together, these attributes position the platform to shape the future of electronic markets. I'm excited to get going, to build on the achievements of John and the team, and to advance our offering so that we serve our clients even more effectively."

Govoni' appointment at TP ICAP came when the company is already making some major changes to its leadership. Last month, TP ICAP has appointed Darren Hayes as CEO of its Energy & Commodities business in the Americas.