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NYSE Euronext (NYX) has announced the restructured leadership team for its regulated exchange business NYSE Liffe.
Finbarr Hutcheson, Co-Chief Executive of NYSE Liffe with responsibility for commercial and business development, becomes sole CEO whilst Andrew Dodsworth, Executive Director of Market Services, has been appointed as a Director of the LIFFE Board.
In a statement the exchange said that “Following the successful delivery of the clearing transition to ICE Clear Europe, Mark Ibbotson – Co-Chief Executive of NYSE Liffe with responsibility for exchange trading, clearing and regulation and Global Head of Clearing – has decided to pursue other external opportunities and will be leaving the Company”.
“Mark Ibbotson leaves NYSE Euronext after 23 years of distinguished service. His many achievements include most recently the successful transition of LIFFE’s clearing to ICE Clear Europe. On behalf of NYSE Euronext and the LIFFE Board, I would like to thank Mark for the major contributions he has made to our Company and the industry over the past two decades. Mark has led much of the innovation at LIFFE, has mentored many of his colleagues, has represented us on a number of industry initiatives, is well respected by our clients and the regulators and LIFFE’s successful migration to ICE Clear is the most recent of a long career replete with similar accomplishments. We wish him well in the future,” said Duncan L. Niederauer, Chief Executive Officer of NYSE Euronext.
NYSE Liffe, they argue, “will revert to a more traditional Exchange structure where Finbarr Hutcheson will become the sole CEO”.
