BM&F Bovespa, the Brazilian securities, commodities and futures exchange, has appointed an ex-ICAP senior executive to lead its push into Europe.
Cathryn Lyall, who was previously chief operating officer of exchange projects at interdealer broker ICAP, will be charged with setting up and expanding BM&F Bovespa’s European office in London, which opened in November last year.
Lyall will also be responsible for sales and product development, establishing regulatory relationships and marketing and business development activities. She will report to Joao Lauro Amaral, head of international business for BM&F Bovespa.
Prior to her position at ICAP, Lyall worked at the Chicago Mercantile Exchange and various Australian banks and financial institutions in the trading and derivatives markets.
“Cathryn Lyall brings substantial industry and exchange market experience to this role,” said BM&F Bovespa CEO Edemir Pinto in a statement. “She has extensive contacts in the markets and we are delighted to appoint someone of her calibre to develop and expand our business activities in the EMEA region.”
BM&F Bovespa was created in 2008 from the merger of the Brazilian Mercantile and Futures Exchange and the Sao Paulo Stock Exchange, which made it the second-largest exchange in the Americas.