Deutsche Bank just lost Serge Marston, its former head of global e-commerce, to ICAP.
Marston will join ICAP on November 24 as the head of BrokerTec Direct, according to a company spokeswoman. He will report to Jeff Ward, global head of EBS-BrokerTec Direct, she said.
ICAP merged its electronic fixed income and foreign exchange businesses, called BrokerTec and EBS, into a single division in December 2014 to help drive growth across the two platforms.
As first reported in eFinancial News, multi-dealer platforms offer trading in an anonymous central limit order book, but Icaps so-called Direct versions of the platforms are for disclosed, dealer-to-client activity.
EBS Direct, which was launched in 2013, allowed liquidity providers to offer forex prices directly to customers in a disclosed manner, while BrokerTec launched a similar version of the platform for fixed income earlier this year.