Instrumental in the development of the environmental commodities business at Climate Exchange, its chairman Wayne Sharpe said MacGregor and Scarbrough would bring invaluable insight, experience and relationships to the further growth and development of CTX in North America.
“This announcement demonstrates our commitment to rapidly expand CTX’s presence in the global environmental markets as we bolster our leadership team and deliver innovative financial technology,” he said.
MacGregor joins as chief strategy officer for the CTX Group and will serve on the board of directors.
In his role, MacGregor will be responsible for identifying new market opportunities, driving product development and implementing the overall commercial and sales strategy.
Prior to CTX, MacGregor was managing director at Climate Exchange where he launched the first futures contract on emission allowances in 2004.
He was instrumental in building the business in the global environmental markets up to and following its acquisition by ICE in 2010. MacGregor joined ICE in 2010, helping lead its environmental commodities business and managing relationships within the proprietary trading community and incentive programs across all asset classes.
He brings with him in-depth knowledge of exchange-traded and OTC products as well as extensive relationships throughout the financial markets.
Scarbrough will take on the role of president of CTX USA and will also join the board of directors.
Scarbrough will be primarily responsible for driving the overall direction and development of the North American commodity business, further identifying ways to better service clients, improve operations and expand into new asset classes.
While serving as senior vice president of CCFE at Climate Exchange and ICE, Scarbrough helped design and launch dozens of environmental futures and options contracts, across a multitude of emission, renewable energy and renewable fuels markets.
Scarbrough brings with him extensive relationships with customers across a variety of sectors, including utilities, oil and gas and financial services. He also served on the board of directors for the Environmental Markets Association from 2011 to 2014.
