Interdealer broker TP ICAP has named Eric Sinclair as CEO of Information Services, the company’s data and analytics division. Sinclair will replace Frank Desmond who is leaving the company after 12 years of service.
Sinclair will join TP ICAP on November 13, 2017, moving on from the Toronto Stock Exchange (TMX) where he spent 14 years, most recently as president of the Markets Insight division. Before working at TMX, Sinclair held senior executive roles at Spectra Securities Software and Reuters.
Desmond leaves TP ICAP after a short stint as CEO of the company’s data and analytics business, and a seven-year stretch as CEO and managing director of Tullett Prebon. Before joining Tullett Prebon, Desmond was global head of content at Reuters.
John Phizackerley, chief executive at TP ICAP, comments: “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. I wish him all the very best for the future.”