One of the largest clearing providers of exchange-traded instruments, G.H. Financials Group has announced the appointment of its new CEO. The twenty-year old firm, which was established as an independent clearing company for local floor traders on the London International Financial Futures Exchange (LIFFE), has selected Mark Ibbotson as Group Chief Executive Officer, the former co-Chief Executive of NYSE LIFFE.
Mark Ibbotson will be based at the firm’s UK headquarters on Upper Thames Street, in the city of London. In addition, the firm has restructured its Hong Kong office and has appointed Peter Lovell to the position of Chief Executive Officer of G. H. Financials (Hong Kong) Ltd and will relocate to Hong Kong to drive the firm’s expansion in Asia.
John Foyle, Chairman of the Board of GHF, commented about the new appointment to the media, “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. His appointment demonstrates our ambition and strong commitment to growing our business globally.”
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Mark Ibbotson, a veteran in the futures market, joins GHF after a 23-year career at LIFFE where he served most recently as co-Chief Executive of NYSE Liffe with a focus on exchange trading, clearing and regulation and as Global Head of Clearing. He has a strong reputation in the industry for innovation, mentoring staff and colleagues and as a driver of major industry initiatives. Mark’s final major task at LIFFE was to oversee the successful transition of LIFFE’s clearing activities to ICE Clear Europe.
Peter Lovell joined GHF in 2002, first as Global Operations Officer and more recently as Chief Executive Officer of GHF.
“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. Peter’s contributions to the firm over the past eleven years have resulted in significant growth, and we believe he is the right person to drive new business in this key market,” added Mr Foyle.