IntercontinentalExchange Announces Promotions; Farley Named SVP of Financial Markets, Jackson Named President of ICE Futures U.S., Tupper Named President of Trade Vault
ATLANTA, June 4, 2012 /PRNewswire/ -- IntercontinentalExchange (ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced senior management promotions as part of the company's continuing growth strategy. Thomas W. Farley has been promoted to Senior Vice President of Financial Markets, Ben Jackson has added the title of President of ICE Futures U.S., and Bruce Tupper was named President of Trade Vault.
"These are well deserved promotions and represent expanded responsibilities commensurate with their contribution to ICE's solid performance and growth," said ICE Chairman and CEO Jeffrey C. Sprecher.
"I'm pleased to elevate Tom Farley to lead ICE's global financial markets businesses. We continue to invest in these markets and I am confident that with Tom's leadership we will continue to drive growth and strong returns on our investments."
Sprecher said, "Ben will lead ICE Futures U.S. at a time of regulatory change, growth and innovation. He has already made significant contributions to these efforts. Bruce is leading our global swap data repository business, which leverages his deep expertise in developing effective solutions for post-trade operations."
In his new role, Farley will oversee the development of initiatives within ICE's OTC financial markets, including FX, credit, equity derivatives, and fixed income. Farley will report directly to Sprecher as a member of ICE's executive management team. Farley has served as President of ICE Futures U.S. since February 2007. He was previously President of SunGard's Kiodex business unit, where he also held the positions of COO and CFO.
Jackson joined ICE in July of 2011 as the Chief Operating Officer of ICE Futures U.S., ICE's New York based futures exchange. He will continue to serve as COO in addition to his new role as President. Prior to ICE, Jackson led SunGard's energy and commodities business as Senior Executive Vice President.
Tupper will lead the introduction of ICE Trade Vault as it delivers its patented solution, consistent with global financial reform. He joined ICE in 2000 as a Market Manager and was most recently Vice President of ICE eConfirm, where he led the development and growth of ICE's electronic trade confirmations business. Prior to ICE, he held various trading, brokering and marketing roles in the energy trading sector. The ICE eConfirm business will continue to report to Tupper in his new role.
IntercontinentalExchange is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on February 8, 2012.