OTCex Group Appoints Steve McMillan As Non-Executive Director - IDB’s Board Strengthened To Support Strategic Development And Expansion

OTCex, an independent inter-dealer broker specialising in OTC and listed derivatives, has today announced the appointment of Steve McMillan to its Main Board as non-executive director, bringing the total number of directors to seven.

Steve McMillan brings over 20 years industry experience to OTCex Group. Until March 2007 he was Global COO and CEO Europe at GFI Group Inc. (Nasdaq:GFIG), one of the largest global intermediaries active in all major asset classes: energy & commodities, equities, financial products and fixed income securities. Steve started his career at Garban Group, now part of ICAP Plc the world’s largest inter-dealer broker, where he sat on the main board of Garban as CEO Europe. Steve is currently CEO of IMEX, the International Mercantile Exchange, a new exchange for emerging energy markets in the Middle East. A member of the Chartered Institute of Management Accountants since 1986, Steve has a B.A. (Hons) in Accountancy from the London School of Business Studies.

Frederic Metz, Chairman and CEO of OTCex Group commented, “I am delighted that Steve has agreed to join our Board. OTCex has ambitious expansion plans and Steve’s extensive experience and knowledge across markets and geographies will be brought to focus on our strategic development.”

Steve McMillan added, “OTCex Group has an outstanding reputation and a track record of innovation, particularly in the continental European market. The IDB market is ripe for new, fast, innovative companies and in this context, I look forward to working with Frederic and the other board members to help expand its business across the globe.”