Gil Mandelzis, chief executive of Traiana, has been appointed to ICAP's Global Executive Management Group. He will continue to report to ICAP group chief operating officer Mark Yallop.

Mandelzis co-founded Traiana in April 2000 and continued as chief executive following ICAP's acquisition of the company in October 2007. His role at Traiana is to consolidate the company's position as the market standard for post-trade processing for FX transactions working with a wide range of market participants, while expanding its offering in other OTC markets. Prior to Traiana, Mandelzis worked in the M&A group at Deutsche Bank Alex Brown in New York, where he advised companies in the financial and technology sectors. Mandelzis holds an MBA from INSEAD.