The director of regulation at Plus Markets Group has joined Icap's regulatory team, according to a memo seen by Financial News, as the interdealer broker establishes the new management for the Plus listings business it acquired in May.

James Godwin, who featured on Financial News' list of 40 Under 40 Rising Stars in Trading and Technology last year, will report to Seth Johnson, who was appointed as the new chief executive of Plus Stock Exchange last month. Johnson also serves as a managing director in Icap's electronic broking business.