Euronext Hires 3 to Head Derivatives, Commodities, Cash

Euronext NV, the exchange operator preparing to be spun off after its acquisition by IntercontinentalExchange Group Inc., has made three new appointments to lead its derivatives, commodities and cash-equities businesses.

Adam Rose will head the financial-derivatives unit, joining the exchange from ABN Amro Bank NV, according to a Euronext statement. Olivier Raevel, who traded commodities at Societe Generale SA and energy derivatives at Koch Supply & Trading LP, will lead Euronext’s commodities division. Danielle Ballardie will become head of cash equities after spending three years as director of electronic distribution at Barclays Capital for Europe, the Middle East and Africa.

All three, whose appointments are effective tomorrow, will report to Lee Hodgkinson, head of markets and global sales, Euronext said. In January, the exchange named Anthony Attia chief executive officer of its Paris stock market, as the French government sought to ensure its interests are protected amid the ICE spinoff.

The U.S. company, which bought NYSE Euronext in November, plans to sell as much as 30 percent of Euronext before the operator of the Paris and Amsterdam exchanges goes public this year, three people with knowledge of the matter said in January.

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