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Creditex founder leaves as ICE changes leadership
23 February 2010
Two senior figures at Creditex, the interdealer broker and trading platform for credit default swaps that Intercontinental Exchange bought in September 2008, are to leave.
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Creditex
IntercontinentalExchange
Sunil Hirani, one of the ex-Deutsche Bank CDS salespeople
who founded Creditex in March 1999, is stepping down.
No replacement has been announced for his former position
where he works as a senior vice-president and corporate development officer.
Former president and chief operating officer John Grifonetti
is also leaving, but will remain at the broker platform in an advisory
capacity.
ICE has promoted Grant Biggar from managing director to
president of Creditex, while Sophia Corona has been made chief operating
officer. Biggar formerly headed Creditex’s European and Asian businesses,
having joined the company in 2000.
Corona joined Creditex as chief financial officer in 2007,
and played a leading role in integrating Creditex with ICE after the takeover.