NYSE Euronext has appointed Mr Finbarr Hutcheson as Executive Vice President Global OTC Services.
Mr Hutcheson takes up his appointment on 1 July and will work closely with market users to develop new services to support the global over-the-counter (OTC) markets in response to regulatory reform and the industry's ongoing efforts to improve market structures. Finbarr will be based in London and report directly to Duncan Niederauer, Chief Executive Officer of NYSE Euronext.
Duncan Niederauer said: "I am delighted that Finbarr has joined NYSE Euronext at a time when the OTC markets face unprecedented change and when NYSE Euronext continues to pursue partnership strategies and market-driven solutions that our users can trust. Finbarr's extensive global investment bank experience, and expertise on industry-wide operational issues, means that he is well placed to understand and champion users' needs, and use NYSE Euronext's global infrastructure and technology assets to make those innovations happen.
Finbarr Hutcheson added: "I am very excited indeed at this opportunity to work closely with the OTC community to develop new solutions which the industry can trust and which will fully meet their needs. Recent collaborations with the industry by NYSE Euronext, such as in US interest rates, are gaining momentum; this gives me confidence that partnerships of this kind are the way forward and indeed that NYSE Euronext can be a partner of choice to develop improved services for the OTC market."
Finbarr Hutcheson has over 15 years experience in Derivatives Operations and Business Development internationally. Having joined Fimat International Banque, Ireland, in 1995, Finbarr moved to London in 1996 joining Goldman Sachs. His career with Goldman Sachs has spanned the past 15 years, where he initially managed the European Derivatives Clearing Operations. He subsequently helped set up a cross-product clearing business within Prime Brokerage and more recently Finbarr was responsible globally for Business Development in the Goldman Sachs Futures Services business unitess unit. Finbarr holds a BA Mod from Trinity College Dublin. He has been a Board member of the Futures and Options Association for 8 years.