OSTC, a leading global proprietary trading business, announces the appointment of Lee Hodgkinson as its new Chief Executive Officer effective early April 2018.

With over 25 years’ experience in financial markets, Lee Hodgkinson has held a wide range of senior executive positions at global trading exchanges and is currently a Managing Board Member of Euronext NV where he leads the Markets and Global Sales Division and is CEO of Euronext London.  Lee has demonstrated strong leadership credentials within a number of multi-national organizations and has a proven track record in driving profitable growth in a broad range of asset classes across Europe, America and Asia.

Mark Slade will be stepping down from the role of CEO and will assume the newly created role of Vice Chairman.  He will continue supporting the core trading operations whilst helping develop and implement new growth strategies.

Jonny Aucamp, Chairman of the Board said, “We are delighted to have Lee joining as CEO. He is an exceptional leader who understands how to deliver growth globally in a highly regulated environment. We believe he is the best person to build on and drive OSTC’s expansion at a transformative time in our industry and we will benefit from his extensive global network.

“We would like to sincerely thank Mark for his strong leadership whilst steering the Company into a new regulated world. His contribution and achievements mean that OSTC is well placed and in a very strong position for future growth and exciting new developments.”

Source: OSTC

Euronext said in a statement:

Euronext, the leading pan-European exchange in the Eurozone, announces that Lee Hodgkinson, Head of Markets and Global Sales of Euronext and CEO of Euronext London Ltd, has decided to pursue a new professional project.

Lee Hodgkinson, after more than 9 years at Euronext, will leave the company in early April 2018 and will serve as CEO of OSTC, a London-based proprietary trading firm which operates from 14 offices around the world. Lee Hodgkinson will actively participate in the transition process during his notice period.

Euronext will take all necessary measures to ensure the transition is conducted in a smooth and orderly manner and the Managing Board remains strongly committed to the achievement of Agility for Growth 2019 targets.

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

“Euronext is very grateful to Lee Hodgkinson for his strong contribution to our group over the past 9 years and wishes him every success in his new role. The Managing Board of Euronext will work together with Lee to ensure a seamless transition during the first quarter of 2018, and we will remain strongly committed to the delivery of our strategic plan ambitions”.

 

Mark Spanbroek, vice chair of FIA EPTA, which  represents European firms who trade with their own capital said:

Congrats to Lee. kind of pre brexit by Euronext??? https://t.co/NPnrCcDhHk

— Mark Spanbroek (@spanbroekmark) January 25, 2018