London – 9 July 2012 –NYSE Euronext (NYX) today announced the restructured leadership team for its regulated exchange business (NYSE Liffe).
NYSE Euronext announces new London management
- 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.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's 2011 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.