THE CHAIRMAN of NYSE Euronext’s futures unit Liffe, Hugh Freedberg, is to step down next month to be replaced by Liffe director Alan Whiting.
NYSE Euronext, which two months ago was forced to drop its $7.4bn merger with Deutsche Boerse, said yesterday that Freedberg, who became Liffe chairman in 2009, would step down on 1 May this year.
Freedberg, who was the chief executive of Liffe from 1998 to 2009, will be replaced by Whiting, a Liffe board member since 2006 and a futures veteran who has worked with the Britain's finance ministry, the London Metal Exchange, part of the CME Group, and US exchange NYMEX.
“I am greatly looking forward to the challenge of leading the board ... during a period of major change and opportunity,” Whiting said.
City A.M. Reporter