Trading Places: Birley to lead NYSE Clearing transformation

Patrick BirleyPatrick Birley was appointed chief commercial officer of NYSE Euronext's Clearing House in London, which is scheduled to launch in June 2013. Birley ran LCH.Clearnet from the beginning of 2006, and also has previously worked at the London Stock Exchange, London Metals Exchange and the European Climate Exchange. Birley joins NYSE following the announcement last week that, subject to regulatory approval, NYSE Liffe Clearing will be expanded next year to become NYSE Clearing — a fully integrated central counterparty, serving multiple markets. 

Alexander Matturri was appointed CEO of CME Group and McGraw-Hill’s joint venture S&P Dow Jones Indices. Lou Eccleston, president of Capital IQ, was named chair of the company’s seven-member board.

Salomon Sredni was elected to the board of directors of Monex Group. Sredni currently is CEO of TradeStation, which was acquired by Monex Group in June 2011, and was elected COO of Monex Group in November 2011. “I believe the synergies we are creating between our companies will deliver value to our shareholders, and offer our clients technology and service offerings that far surpass competing online brokerages worldwide,” Sredni says. He has been with TradeStation since 1996.

Peter Barrowcliff joined Newedge’s metals desk as global chief operating officer. In this role, he will be based in London and will be responsible for the back-end, credit, technology and product development as well as supervising the UK metals desk. Barrocliff joins Newedge from Nomura, where he most recently was working in Asia to improve, build out and deliver their futures offering in the region. 

Norm Champ was appointed director of the Securities and Exchange Commission’s (SEC) Division of Investment Management. Champ joined the SEC in 2010 and has been serving as deputy director in the Office of Compliance Inspections and Examinations.

Edward Boyle joined the board of advisors for OptionsCity Software, bringing more than 30 years of financial industry experience. Boyle most recently served as managing director for Getco.

Bryan Caisse joined Performance Trust Investment Advisors as a senior portfolio manager. In this role, he will run a mortgage-backed, fixed income portfolio. Caisse has more than 21 years of financial experience, most recently serving of president of Husley Capital Management.

Options Clearing Corporation announced the election of four new members to its board of directors. The new directors are Steven G. Crutchfield, CEO of NYSE MKT LLC, appointed exchange director; Elizabeth K. King, head of regulatory Affairs, GETCO LLC; Kevin G. Russell, managing director, head of equities trading for the Americas, Citigroup Global Markets Inc. and Jonathan B. Werts, managing director, global execution services, Bank of America Merrill Lynch. Crutchfield replaces Thomas F. Callahan as an exchange director and the new members replace Paul J. Brody, William D. Felder and Valar J. Mihan.

Sung Hee Hong was appointed executive director, head of Korea at CME Group. In this role, he will be responsible for developing growth opportunities and customer relationships in Korea. Hong has worked with exchanges in Korea, including the Korean Stock Exchange and the Korea Exchange for the last 15 years.

Antoine Babule was named CEO for Newedge USA, LLC. In addition to this role, he also will serve as regional head of Americas. Babule has been with the firm since 1995, most recently serving as chief administrative officer, and was CEO of Newedge Canada from January 2008 to September 2010. Newedge CEO Nicolas Breteau said, “Antoine has been an integral member of our organization for nearly 18 years and has played a significant role in building Newedge’s industry leading position. With this experience, as well as his passion for our industry and focus on our clients’ needs, Antoine is well placed to take our Americas business to the next stage of development in a rapidly changing marketplace.” Babule replaces Bill Sexton, who recently left the firm.

Paul O’Donnell is returning to Morgan Stanley at the end of the summer as a managing director in the New York City area. O’Donnell has served as COO at BATS Chi-X Europe since 2008 and was among the found employees of BATS Europe. Prior to that, he had been with Morgan Stanley for 14 years.

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