Nyse Euronext (NYX) today announced the restructured leadership team for its regulated exchange business (Nyse Liffe).
- Executive Vice President, Mark Ibbotson, has been appointed Chief Executive of NYSE Liffe with responsibility for exchange trading, clearing and regulation.
- Executive Vice President, Finbarr Hutcheson, has been appointed Chief Executive of NYSE Liffe with responsibility for commercial and business development.
The new London management arrangements complement and reinforce NYX's recent organisational realignment of its product and sales teams globally, to deepen client relationships and respond more quickly to clients' needs and to market opportunities.
"I'd like to congratulate Mark and Finbarr on their new roles. Stability, trust and integrity underpin the services delivered by our markets, and Mark's new role plays to his track record of delivering robust trading and clearing arrangements and achieving operational excellence.
At the same time, Finbarr will leverage his extensive market experience to work closely with our clients, develop the business and exploit new commercial opportunities," said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. "With these appointments, we are executing on our commitment to optimize and deepen the relationships we have with our global clients, and respond more quickly to their needs and opportunities."
Mr. Ibbotson and Mr. Hutcheson will both continue to report to Mr. Niederauer. Mr. Ibbotson will retain his role as Global Head of Clearing. Mr. Hutcheson will have specific responsibility for the Group's European Fixed Income, Currencies and Commodities (FICC) products, pending all relevant regulatory non-objections on the Group's new organisation.
Mr. Ibbotson has worked for NYX since 1990 when the London market of NYSE Liffe operated as LIFFE.
Mr. Hutcheson joined NYX in 2011, following 15 years with Goldman Sachs and before that, Fimat International Banque.