Paris-based capital markets software vendor Ubitrade has appointed Idier Varlet as executive chairman and has promoted Yassine Brahim to deputy chief executive officer.
Varlet founded and developed retail brokerage Carr Futures Group where he held the positions of chairman and chief executive officer. He also headed Crédit Agricole Indosuez in North America for three years.
In his new role, Varlet will divide his time between the vendor's headquarters in Paris and US office in Chicago.
Brahim joined Ubitrade a year ago and was jointly responsible for the trading and risk management product line.
Prior to this he founded a financial markets-orientated professional services company and managed IT teams at Société Générale's trading floors.
He replaces Jean-Luc Wibaux, who became CEO of Ubitrade after the resignation of Didier Bouillard in March this year.