TP ICAP Selects Mark Govoni as CEO of Agency Execution Division

He has joined the company from Instinet.

Mark Govoni has replaced John Ruskin.

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In his new role, Govoni will accelerate the expansion of TP ICAPs Agency Execution Division. Govoni has replaced John Ruskin, who has decided to step away from the business. TP ICAP noted that Ruskin played an important role in the integration of Liquidnet into the TP ICAP Group.

To facilitate a smooth transition, Ruskin will stay with the Group until the end of June. The newly appointed CEO of TP ICAPs Agency Execution Division has extensive experience in the financial services industry. He joins TP ICAP from Instinet where he worked for approximately 10 years.

“Mark is a proven U.S. equity specialist. He has an extensive client network and is well connected to the industry‘s top talent. Combine this with his energy, ambition and ability to build industry-leading businesses, and Mark is well placed to drive the performance of our buy-side-focused franchise in the U.S. and beyond. Mark will build on the legacy left by John Ruskin, who I’d like to thank sincerely for the huge contribution he has made to TP ICAP,” Nicolas Breteau, the Chief Executive Officer of TP ICAP Group, commented.

Agency Execution Division

According to Breteau, TP ICAP‘s Agency Execution Division has played a major role in the Group’s overall growth recently. In 2021, the division generated approximately 10% of the Group's revenues.

“TP ICAP‘s Agency Execution platform has strong and trusted client relationships, global reach, top tier technology and high caliber people. Together, these attributes position the platform to shape the future of electronic markets. I’m excited to get going, to build on the achievements of John and the team, and to advance our offering so that we serve our clients even more effectively,” Govoni said.