IMEX poaches chief executive from GFI

International Mercantile Exchange Holdings (IMEX), the Doha-based company that grew out of the Gulf Energy investment fund, has announced the appointment of Steven McMillan as its chief executive.

McMillan was previously European chief executive of GFI Group, the interdealer broker.

IMEX plans to launch the first energy exchange trading platform in Qatar late this year, or possibly early next year. The platform is in the process of receiving regulatory approval from the Qatar Financial Center Regulatory Authority. McMillan plans to expand the management team with new hires over the coming months, and the company plans to relocate to the Energy City in Qatar in 2009.

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