ICE Announces Several Promotions to Strengthen Management Team

Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE) continues to bolster its management team to drive growth and increase its focus on challenges posed by new requirements of global regulators. On Wednesday, the company announced three strategic hires and promotions, according to a corporate statement.

The NYSE owner has brought in Andrew Surdykowski as its new General Counsel. Andrew has originally joined ICE back in 2005. He will be elevated to the leadership role from his current position of the company’s Senior Vice President and Associate General Counsel. Mr. Surdykowski replaces Johnathan Short, who retires after occupying this position since 2004.

The Chicago-based company has also stepped up its regulatory efforts with the hire of Elizabeth King, who will take on the role of ICE’s Chief Regulatory Officer, assuming responsibility for the company’s global regulatory and legal affairs. Elizabeth currently serves as General Counsel of the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, a role she will retain following her promotion.

The move marks the retention of one of the industry’s veteran retentions. Ms. King has been working in top regulatory spots including Division of Trading and Markets at the U.S. Securities and Exchange Commission. She came to ICE back in 2014 from KCG Holdings, Inc., where she served as deputy counsel and head of regulatory affairs.

Commenting on her appointment, Jeffrey C. Sprecher, Chairman and CEO of Intercontinental Exchange, said: “The regulatory issues that exchanges and clearinghouses must manage today are both global and complex, and very much at the center of our business. Elizabeth King has been an outstanding counselor to our NYSE team and will now expand her purview companywide to guide our regulatory work across North America, Europe, and Asia.”

Finally, ICE has named Octavia Spencer as its Corporate Secretary, focusing on public company compliance and corporate governance matters, public offerings, and private placements.

Last month, ICE revealed that its operations yielded $1.24 billion in revenues in Q2 2018, up 5 percent year-over-year from $1.18 billion in Q2 2017. The figure included $864 million in revenues from transaction and clearing revenues, while data services generated $525 million in the last quarter, with listings revenues coming in at $111 million.