Coyne Minted as New Traiana CEO

Interdealer broker ICAP has announced the appointment of Andy Coyne as the new CEO of Traiana, its post-trade technology arm.

Coyne joins from Citi, where he was previously the head of foreign exchange (FX) prime and eCommerce product. Based in London, he will be responsible for Traiana's business across all asset classes. Founder Gil Mandezis will now move into the newly-created role of executive chairman.

Prior to Citi, Coyne worked at Deutsche Bank as its head of FX prime brokerage, and at Bankers Trust, where he served in several senior positions. He was also a member of the board at FXall before the vendor went public, and has been a member of the board at CLS Aggregation.

The news comes days after ICAP agreed to buy Plus Markets Stock Exchange, the struggling venue for small-to-mid cap UK companies, for a nominal fee of £1.