Paris-based trading and risk management solutions provider Ubitrade has expanded operations into the United States with the opening of a new office in Chicago.
Peter Hutchinson has been appointed vice president North American sales to head up the new office. He will be responsible for new business development and US account management, reporting to Eric Wicart, global head of sales at Ubitrade.
Hutchinson joins the company from Future Dynamics where he was also vice president North American sales responsible for all aspects of sales and revenue generation for FDI's new US business. Prior to that Hutchinson spent 13 years with Rolfe & Nolan in various roles including vice president for strategic accounts.
Ubitrade recently announced the sale of its Ubitrade futures & options back-office package to National Bank of Canada Clearing Services (NBCCS), whose account will now be serviced from the Chicago office.
Didier Bouillard, chief executive officer, says: "The US market offers great potential for an alternative software provider with new and more modern technology and we expect many US players to review their current arrangements and demand a product that fully meets their needs."