Our Team

Neil Eckert

Founder, Chairman

Neil Eckert serves as Chairman of IncubEx. Neil also serves as Chairman of Aggregated Micro Power Holdings and was the co-founder and Chief Executive Officer of Climate Exchange PLC until the sale of the company to Intercontinental Exchange in July 2010 for approximately £400 million. Climate Exchange PLC owned the Chicago Climate Exchange and the European Climate Exchange which hosted over 90 percent of carbon credits traded in the EU. Neil was also previously the Chairman of Trading Emissions PLC, an AIM listed company and one of the world’s leading funds investing in emission reduction permits. Neil founded Brit Insurance Limited in 1995 and remained its CEO until March 2005. He then served as a non-executive director of the company from April 2005 until May 2008. Neil serves on the Board of six private and public firms and has interests in various property companies. Neil is the Chairman of Design Technology & Innovation Limited, a patenting and intellectual property company whose principal activity is in the field of irrigating plants with salty or brackish water. Neil is on the board of Directors of Ebix, a $2bn Nasdaq listed company. It is the world’s leading provider of electronic exchange services to the insurance industry and has been one of the fastest growing companies in the US over the last decade.

Michael MacGregor

Founder, Chief Executive Officer

Michael MacGregor serves as Chief Executive Officer of IncubEx. Michael served as Managing Director of the Chicago Climate Futures Exchange (CCFE) and has worked in environmental and energy markets for nearly fifteen years.  As Managing Director of CCFE, Michael was instrumental in growing the exchange traded environmental derivatives suite beginning with Sulfur Dioxide futures in 2004.  Michael also helped lead the efforts in recruiting industrial emitters and other trading participants to join the Chicago Climate Exchange, the world’s first voluntary, legally binding Greenhouse Gas emissions reduction and trading program.  Michael managed the environmental products complex after the acquisition of Climate Exchange PLC by the Intercontinental Exchange (ICE) in July of 2010.  In addition to a continued focus on the environmental and coal markets in North America and abroad, Michael coordinated customer relationships within the proprietary trading community while optimizing and managing incentive programs across all ICE products.  Michael graduated from Trinity University in San Antonio, Texas with a degree in Business Administration.

Daniel Scarbrough

Founder, President & Chief Operating Officer

Dan Scarbrough serves as President and Chief Operating Officer of IncubEx. Dan has been a leader in environmental and energy markets for more than a decade.  As Senior Vice President of the pioneering Chicago Climate Futures Exchange, a CFTC Designated Contract Market, Dan built customer relationships and drove rapid growth of exchange-traded environmental products, leading the development of NOx futures and options, renewable energy certificate (REC) futures, and a various carbon futures and options contracts. After Intercontinental Exchange (ICE) acquired Climate Exchange in 2010, Dan continued to focus on the environmental markets in the U.S. and Europe as well as the international coal markets. He speaks frequently at industry events on environmental trading and serves on the Board of Directors of the Environmental Markets Association (EMA). Dan was a four-year letterman on the Trinity University track & field team as well as the basketball team, serving as team captain 2002-2003. He graduated from Trinity University with a degree in Business Administration.

Dr. Michael Walsh

Managing Director of Research & Public Policy

Michael Walsh serves as Managing Director of Public Policy & Research of IncubEx. Michael has been a leader in the design and implementation of market-based mechanisms that advance natural resource conservation and air and water quality.  As a co-founder and Executive Vice President of the Chicago Climate Exchange, Michael directed new product research and development and policy analysis and played a central role in building the market-leading Chicago Climate Futures Exchange and European Climate Exchange. Previously Michael was a Senior Economist with the Chicago Board of Trade where he led efforts to develop exchange-based environmental markets and directed the first three annual auctions of sulfur dioxide emission allowances conducted as part of the highly successful U.S. Environmental Protection Agency acid rain reduction program.  Michael has also served as a Financial Economist in the U.S. Department of Treasury’s Office of Tax Policy and as an instructor at the University of Notre Dame and the Illinois Institute of Technology.  He has been a keynote speaker at events worldwide and has testified at the U.S. House, Senate, and White House.  Michael earned a Ph.D. in Economics at Michigan State University.

Richard Wilson

Managing Director and Head of European Sales

Richard Wilson serves as Managing Director and head of sales of IncubEx in Europe. Richard has almost 25 years of market experience from his time as a Broker in London. Richard started as an interest rate options broker at Tullett and Tokyo until he transitioned into the commodity space in 2007. His focus there was initially carbon emissions, including EUAs and CERs, he was also instrumental in the growth of the options markets in these products. Richard ran teams in other commodity products including coal, iron ore, nuclear fuels, and insurance linked derivatives, in his role as a Director of Energy at Tullett Prebon plc. During his time in the energy space Richard worked very closely with various exchanges helping develop their product offering and specifications, resulting in efficient curves and settlements. Following this Richard spent time running his own broking and consulting business, also offering compliance services to small bespoke financial businesses. Most recently Richard worked at Griffin Markets as Head of Cross Commodity Options helping them build their market offering.

Nathan Clark

Managing Director of North America

Nathan Clark serves as Managing Director of IncubEx. Nathan was previously a Managing Director at Environmental Financial Products, a firm that specializes in inventing and developing new financial instruments for the environment. Nathan also served as Managing Director and Senior Vice President for Chicago Climate Exchange. In that capacity, Nathan managed the process of defining and implementing project-based emission reduction initiatives including methane capture, forestry, energy efficiency, and many others. Nathan was also Vice President of Wabashco, LLC where he oversaw research and the development of a portfolio of clean fuels and alternative energy projects. Nathan is a co-author of the books Sustainable Investing in Environmental Markets published by World Scientific Press, and Environmental Markets: A New Asset Class, published by the Chartered Financial Analyst (CFA) Institute. Nathan currently serves on the Board of Directors of Highmark Exploration and MagnaVera Resource Corporation, both Canadian energy companies. Nathan holds a Master of Science in Agricultural Economics and Bachelor’s degrees in Natural Resource Management and Agricultural Economics from the University of Kentucky College of Agriculture Food and Environment.

Steve MacGregor

Head of Operations

Steve MacGregor serves as Head of Operations of IncubEx. Steve is responsible for managing the day-to-day operations of the company, including the real-time aspects of the business. Steve has over eight years of experience in financial markets, including roles in proprietary trading, clearing, brokerage and exchange operations. He has several years of experience trading agricultural commodities, which included conducting comprehensive fundamental based market research and analysis. During his time working in a back-office role at Newedge, he gained in-depth knowledge of derivatives trade processing and clearing. Steve has extensive experience working with emissions markets, global commodities, as well as other securities. Steve earned a B.A. from the University of Arizona.

Helene Crook

Head of Investor and Press Relations

Helene Crook serves as Head of Investor and Press Relations of IncubEx. Helene previously served in a similar role while at BRIT Insurance and Climate Exchange plc. Helene was part of AMP Holdings PLC at its inception with responsibility for investor relations.  She is Company Secretary of several companies including IncubEx Limited, Boutique Modern Limited, Old Mill Park Limited, Arcadia Estate Management Limited and OldSwiss Productions Limited. Helene serves as a Director and Company secretary of Design Technology & Innovation Limited and Design Technology & Irrigation Limited.

Lauren Krone

Marketing Associate

Lauren Krone serves as Marketing Associate of IncubEx. Lauren gained experience developing marketing materials and corporate event planning while working at Brownfield Management Associates, a firm specializing in the redevelopment of real estate properties that are potentially environmentally contaminated. Prior to this she worked at Legal Services Corporation in the Government Relations and Public Affairs Department. She graduated with high distinction and honors from the University of Illinois Urbana-Champaign with a B.S. in Political Science and Environmental Sustainability.

Bartly J. Loethen

General Counsel

Bart J. Loethen serves as General Counsel of IncubEx. Bart is a founding Partner of Synergy Law Group (May 2000) and has a background that has enabled him to develop expertise in a variety of disciplines. Bart practices in all the firm’s transactional practice areas, including Corporate Law, Securities & Finance Law, Mergers & Acquisitions, Technology & Licensing, Real Estate, and Litigation. Bart has an emphasis on corporate law, specializing in information technology and marketing companies. His experience includes work with privately-held and public companies, mergers and acquisitions, private placement investments, financial transactions and licensing matters, as well as general corporate matters. Bart has significant experience with software providers, software platform companies, real estate settlement companies (mortgage, title and mortgage due diligence), hedge funds, real estate developers and service companies. Bart also does significant work in the emerging alternative public offering sector, working with several companies that have become public through reverse mergers and other alternative means. Prior to the practice of law, Bart was a Revenue Agent with the Internal Revenue Service. Bart holds a B.S./B.A. in Accounting from the University of Missouri (1986), took and passed the CPA exam and received his J.D. from the University of Illinois College of Law (1994). Bart is a member of the Illinois and Chicago Bar Associations.

Nate Laurell

Advisor

Nate is the CEO of Here Holdings (a leader in the local-food movement), chairmen of ampCNG (a renewable-energy company), and a general partner at R^2 (a full-service real estate firm). He has been an entrepreneur since forming TECHnacity (a software developer) while in college. Nate holds a BS and MS in Electrical and Computer Engineering from the University of Illinois at Urbana-Champaign. He has been recognized by the Council on Global Affairs as an emerging leader and by Crain’s 40 Under 40. He also serves on the board of Acumen, a patient-capital fund that invests in businesses tackling global poverty.