TP ICAP has appointed Eric Sinclair as the firm’s latest CEO of Information Services. He will start on November 15 and fill the vacancy left by the departure of 12-year company veteran Frank Desmond.

Sinclair has a wealth of experience across the financial services industry and spent 14 years at the Toronto Stock Exchange (TMX) where he was most recently President of its Market Insights division, according to TP ICAP officials. Prior to working at TMX, Sinclair was executive vice president at Spectra Securities Software and a vice president at Reuters.

During his time at TMX, Sinclair led the growth of their data business by focussing on strategic partnerships and acquisitions, as well as the development of new products and services, the company’s sales force, and client services.

“I am pleased to welcome Eric to TP ICAP,” said John Phizackerley, CEO of TP ICAP. “Eric will play an instrumental role as we look to expand our products, services and analytics capabilities, accelerating our plans to develop our Information Services division. I would also like to take this opportunity to thank Frank for his tremendous dedication to the company over the years. He has seen the business grow into the world’s leading provider of proprietary data business with a completely unique source of data. I wish him all the very best for the future.”

“I am delighted to be joining TP ICAP,” responded Sinclair. “One thing that has been clear to me throughout the process of joining the company is that it has high ambition for its information.”