Brazil's BM&FBovespa has hired former Icap executive Cathryn Lyall to head up its new London office, from where the exchange plans to build up a presence in Europe, the Middle East and Africa.
As director of BM&FBovespa (UK), Lyall will be responsible for the set up and expansion of the new European office, in charge of all product and sales related activities in Emea.
Reporting to head of international business Joao Lauro Amaral, she is also charged with establishing regulatory relationships, education and training programmes and business development related activities targeted at potential customers in the region.
Lyall left Icap, where she was chief operating officer for exchange projects, last March after the interdealer broker abandoned plans to launch its own derivatives exchange.
Before her brief stint at Icap she was managing director, Emea, of the Chicago Board of Trade prior to its acquisition by the Chicago Mercantile Exchange, and then joint MD, Emea, for CME Group.
Edemir Pinto, CEO, BM&FBovespa, says: "Cathryn Lyall brings substantial industry and exchange market experience to this role. She has extensive contacts in the markets and we are delighted to appoint someone of her calibre to develop and expand our business activities in the Emea region."