The Executive Team

The Global Executive Management Group consists of the three executive directors of ICAP and seven members of senior management and meets six times a year.


Mark Beeston

Mark Beeston is Chief Executive Officer for ICAP’s post trade risk business. Prior to joining ICAP, Mark spent four years as President of T-Zero (now ICELink), a subsidiary of Creditex Group Inc (now ICE). Mark spent 13 years at Deutsche Bank where amongst other roles he served as Chief Operating Officer for Global Credit Trading (2002-2005), Chief Operating Officer for OTC Derivatives (2001-2002) and global head of Money Market Derivatives trading (1999-2001). Mark has represented Deutsche Bank at board level across numerous industry companies and associations including ISDA, Markit, OTCDerivNet and DTCC DerivServ.

David Casterton

David Casterton is Chief Executive Officer of ICAP London and EMEA. Since June 2008 he has been responsible for all voice broking, technology and support functions in London and EMEA. Prior to joining ICAP in 1995 he was with MW Marshalls and Guy Butler International.

Gil Mandelzis

Gil Mandelzis co-founded Traiana in April 2000 and continued as Chief Executive Officer of Traiana following ICAP’s acquisition of the company in October 2007. His role is to consolidate the company's position as the market standard for post-trade processing for FX transactions working with a wide range of market participants, while expanding its offering in other OTC markets. Prior to Traiana, Gil worked in the M & A group at Deutsche Bank Alex Brown (formerly BT Wolfensohn) in New York, where he advised companies in the financial and technology sectors. Gil holds a MBA from INSEAD.

Mark Price is the Group Chief Operating Officer. He joins ICAP from Deutsche Bank where from 2009 to 2011 he was Chief Operating Officer for Global Credit and Emerging Market Debt. Whilst at Deutsche Bank he held a number of senior COO and operating responsibilities roles, including being the COO for Sales, Deputy Head of the Middle Office, and head of the Credit Trading Product Control Group. Prior to joining Deutsche Bank in 1998, Mark worked at Merrill Lynch in London for 3 years in Credit Derivatives Product Control. From 1989 to 1995, he was a senior auditor at Ernst and Young where he became a qualified AAT and ACA.

Douglas Rhoten

Douglas Rhoten is Chief Executive Officer of ICAP Americas. He is also a director of SIF ICAP S.A. de C.V., ICAP’s joint venture in Latin America. He is a founding member of The Green Exchange and a former member of the US Federal Reserve Bank Foreign Exchange Committee.

David Rutter

David Rutter is the Chief Executive Officer of ICAP Electronic Broking. Prior to joining ICAP in 2003 he was a significant shareholder in Prebon and served in various capacities including global chief executive officer of Prebon Energy and managing director of the Americas since joining in 1988. He has served on several corporate boards of entities in the e-commerce field.

Duncan Wales

Duncan Wales is group general counsel, and responsible for the global legal function since December 2008. He has occupied a number of senior roles within the legal and compliance departments at ICAP, including director of government affairs. Prior to its acquisition by ICAP in 2003, he was director of legal affairs at BrokerTec. As well as having experience in investment banking Duncan spent five years at Clifford Chance as a derivatives and OTC markets specialist. He is a member of the GC 100 Group.