Lee Hodgkinson, who was promoted to head of markets and global sales at Euronext in January has  named heads of the exchange’s financial derivatives, commodities and cash businesses.

Hodgkinson, previously head of NYSE Euronext sales and client coverage for Europe, Middle East and Africa and Asia Pacific, became head of a new division combining the separate commercial activities of Euronext’s markets businesses.

Euronext said in a statement that Adam Rose is appointed head of financial derivatives, Olivier Raevel becomes head of commodities and Danielle Ballardie is named head of cash equities.

Ballardie has been leading the sales and client coverage team in London for Euronext since 2012. Before Euronext she spent three years as director of electronic distribution at Barclays Capital for Europe, the Middle East and Africa, where she helped roll-out the bank’s electronic trading business in cash equities and established the broker crossing network. Prior to Barclays, Danielle spent eight years at the London Stock Exchange in various roles which included preparing the exchange for the Markets in Financial Instruments Directive, which will prove useful as MiFID II is due to be implemented .

Amsterdam-based Rose spent seven years at ABN Amro and his most recent roles included head of sales and deputy head of global markets.

Raevel is based in Paris and has 25 years experience in global commodities markets including bring founding board member of ICE. He began his career at Société Générale, moved to ABN Amro and then traded energy derivatives for three years at Koch Supply & Trading in Geneva.

All three appointments report to Hodgkinson. He said in a statement: “This is another step in Euronext’s independence and underlines our commitment to growing the business.”

IntercontinentalExchange completed its acquisition of NYSE Euronext last November when it said it would pursue an initial public offering of Euronext’s stock markets this year while keeping Liffe, the derivatives business.

Jeffrey Sprecher, chairman and chief executive of ICE, said in the exchange’s year-end results call in February that the firm was preceding to the eventual IPO of Euronext this year.

Sprecher said: “We made good progress and we are working with regulators to ensure that we organize the operations in a way that creates a viable, strong, independent Euronext.”

The IPO is expected to be completed in this quarter subject to regulatory approvals and capital market conditions.