Icap has hired another former Barclays executive to strengthen its electronic platform offering – a unit that will sit at the strategic heart of its business following the sale of its voice-broking operations to Tullett Prebon.

Jim Iorio has been named as global head of sales at Icap's EBS BrokerTec platform - which trades fixed income and foreign exchange - the company said in a statement on July 18. Ioria, who will be based in New York, has responsibilty for sales across both the EBS and BrokerTec platforms and will report to Gil Mandelzis, the chief executive of EBS BrokerTec.