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On the Move

TwoFour, CBOE Futures Exchange, Sumerian, TD…

TwoFour Hires Hillier-Brook to Establish London Consultancy

Ian Hillier-Brook, the former managing director of WDX Organisation, is joining TwoFour to establish its consultancy business in London, he tells Squawkbox.

He will start on 3 January and report to Dave Clark, TwoFour’s managing director for Europe, Middle East and Africa. TwoFour, headquartered in White Plains, New York, is a software provider and consultancy focused on helping clients reduce costs and improve and re-engineer systems and process flows in capital markets, including foreign exchange.

Hillier-Brook has over 30 years of experience in the market data and trading technology sector. He re-joined WDX Organisation, the company that created the Wocu (world currency unit), in September this year after working there the year before as a director and consultant. In between, he was managing director of Recipco Holdings, a company that developed a global exchange based upon the non-monetary trading of excess capacity.

Previously, Hillier-Brook was managing director of Market Information Services Limited, a company he founded and sold to Moneyline Telerate in 2002. Before that he was joint managing director at Market Data Systems and director of European operations at Emulex.

CBOE Futures Exchange Appoints MD

The CBOE Futures Exchange (CFE) has appointed James Lubin, the former manager of foreign exchange for commodity trading advisors at Merrill Lynch, as managing director, based in New York.

Lubin is responsible for leading CFE’s strategic direction. He has worked in the futures industry for 30 years and joined the exchange as a full-time consultant in 2010 after spending seven years as chief operating officer, head of business development and a principle at Hyman Beck & Co., a futures firm with over $500 million in assets under management.

Lubin began his career at Merrill Lynch in 1980, and over 19 years held positions of increasing responsibility in the futures, foreign exchange and managed futures divisions, finally serving as the manager of foreign exchange for commodity trading advisors. From 1999 to 2003, he was a senior vice president in Lehman Brothers’ fixed income division where he established the company’s foreign exchange business for commodity trading advisors.

Sumerian Appoints CEO

Sumerian, a provider of data analytics, has named Bryan Clark as its new chief executive officer. He replaces interim CEO and founder David Sibbald, who will remain as executive chairman.

Clark most recently served as partner and chief information officer of KPMG Europe where he led the IT integration of the largest regional offices to create a pan-European business with 30,000 employees and revenues of €4 billion. Prior to KPMG, he spent seven years at EDS.

TD Promotes McNulty

TD Bank has promoted Karen McNulty to vice president in the foreign exchange team in its Boston office. She will continue to have responsibility for product management, providing foreign exchange products and services to a range of clients including retail and small business owners throughout the region.?

McNulty has been with TD Bank since 2006 and most recently served as vice president, product management. Prior to joining TD Bank, she served as a senior group leader in global foreign exchange and trade services at Bank of America in Fort Lauderdale.

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