Former NYSE Liffe co-CEO Mark Ibbotson has joined clearing services specialist GH Financials Group as group CEO.
The firm has also appointed current GH Financials CEO Peter Lovell as its Hong Kong chief executive.
Ibbotson spent 23 years at London derivatives market Liffe, most recently as co-CEO with responsibility for trading, clearing and regulation. He has strong clearing experience, most recently switching Liffe clearing activities to ICE Clear Europe as part of its acquisition by Intercontinental Exchange (ICE).
John Foyle, chairman of the board at GH Financial, said: “We are delighted to welcome Mark Ibbotson to GHF. Mark is a leading figure in the derivatives industry and brings deep experience and seasoned leadership to GHF at this crucial stage of our expansion.”
Ibbotson will be based in the firm’s London office and has been tasked with leading its global growth. The firm currently has offices in London, Chicago and Hong Kong.
Lovell joined GH Financials in 2002 as global operations officer before rising to the role of CEO. During this time exchange memberships, clients and clearing volumes all increased. Lovell also oversaw the introduction of new technology and the opening of the Chicago office.
“Peter’s move to Hong Kong marks our recognition that Asia, already a key driver of growth for the industry, will play a major role in GHF’s future development,” added Foyle.