Richard D. Kerschner co-chairs IIEL’s Advisory Board and is the Chief Corporate Development Officer of ICAP’s Post Trade, Risk, and Information Services division (PTRI). PTRI consists of ICAP’s Traiana, TriOptima, Enso Financial and Reset subsidiaries, as well as ICAP’s market data business and its early stage strategic investments vehicle, Euclid Opportunities Fund.
Richard is focused on driving value creation and aligning growth opportunities across the PTRI subsidiaries and Euclid portfolio companies. He plays a key role in the evaluation of potential investments for Euclid, and chairs the PTRI Strategic Partnerships Think Tank. Richard is an active board member of four Fintech companies: Traiana, TriOptima, the CLS Aggregation Service, and Cloud9 Technologies.
Richard was the interim CEO of BrokerTec, ICAP’s market-leading electronic fixed-income trading platform. Richard led BrokerTec through the merger and integration with EBS, into a larger division branded EBS BrokerTec. Immediately prior to assuming his BrokerTec role, Richard was the Chief Corporate Development Officer of EBS, ICAP’s award-winning electronic FX trading platform. In this role, he created a key objective and results program and led a team that incubated new initiatives and managed the firm’s strategic client relationships.
Prior to joining ICAP, Richard was the Chief Corporate Development Officer of CLS Bank International, where he played a key role in its transformation to a Systemically Important Financial Market Utility. Previous to CLS, Richard served as Head of Strategic Initiatives, General Counsel, and Head of Corporate Governance at the New York Mercantile Exchange (NYMEX), where he played a leading role in the strategic evolution of NYMEX, from its private equity investment process, through its IPO and NYSE-listing, to its merger with the CME Group.
Richard began his corporate career with two pioneering startups in the mobile communications industry, as digital voice and data technology was emerging as the new standard for mobile communications, enabling new business models to converge with evolving internet technology.
Richard received his law degree from Georgetown Law in 1991 and his BA from the University of Pennsylvania in 1988. He was born in the Patagonia region of Argentina and is fluent in Spanish.