The CEO of Euronext London will leave the exchange to head up a proprietary trading firm.
Lee Hodgkinson, who also holds the role of head of markets and global sales with Euronext, will leave the company in April after nine years with the UK arm of the exchange operator.
Hodgkinson has been appointed CEO of OSTC, a London-based proprietary trading firm that operates from 14 offices globally.
OSTC explained Hodgkinson has demonstrated strong leadership credentials within a number of global organisations, with a track record in driving growth throughout his career.
“He is an exceptional leader who understands how to deliver growth globally in a highly regulated environment,” said Jonny Aucamp, chairman of the board at OSTC.
“We believe he is the best person to build on and drive OSTC’s expansion at a transformative time in our industry and we will benefit from his extensive global network.”
Euronext added Hodgkinson will participate in the transition process during his notice period.
“Euronext is very grateful to Lee Hodgkinson for his strong contribution to our group over the past nine years and wishes him every success in his new role,” said Stéphane Boujnah, CEO and chairman of the managing board of Euronext.