Andrew Hudis joined Goldman Sachs in 1983 in Fixed Income Strategies and in 1990 he ran the European Bond Option Business. In 1999 he went on to run the European Government Bond business. Today Mr Hudis is managing the derivatives credit exposures of the Interest Rate Product Business as well as evaluating outside investments for the business.

Alan Bird started his career in what was to become the HSBC Group at Samuel Montagu and Midland Montagu, holding a number of fixed income trading, and trading and sales management positions and was head of fixed income trading at the time of Midland's acquisition by the Hongkong and Shanghai Banking Corporation. Before taking up his current position as Deputy Treasurer HSBC Bank plc, Mr Bird has held a number of other senior positions in HSBC's markets businesses, including those of Head of Treasury and Capital Markets in both Singapore and Tokyo.

Alan Bird and Andrew Hudis will be joining the Board as Richard Berliand, Futures and Options Global Managing Director at J P Morgan Securities Ltd. steps down after serving on the LIFFE Board for nine years.

LIFFE's Chairman, Andre Villeneuve, said: "We welcome both Andrew and Alan to the LIFFE Board. They both have extensive experience in international financial services and we look forward to working with them.

Richard has been a very important member of the LIFFE Board and as Deputy Chairman has made a significant contribution to the Exchange over the last nine years."