BGC Partners, a global brokerage company, has named Peter O’Toole as its managing director of new business development in London and specified European initiatives.

O’Toole will assume responsibility for a number of existing business groups and focus on building the company’s financial services. He’ll join BGC’s London executive management committee and report to Mark Webster, executive managing director and general manager.

He has more then 26 years’ experience. Prior to joining BGC he was a partner of Teragon Capital and worked at ICAP from 1990 until 2010. During this period, he founded its securities business, and launched Exotix, its frontier emerging markets business.