Hub International has named Joseph Hyde as the chief financial officer (CFO) of the firm effective from 15 August 2012, who will report Martin Hughes, chief executive officer.

Martin Hughes said, "Given Joe's extensive financial and management background, he will provide the strategic focus we were seeking in our CFO."

According to the insurance brokerage, Hyde will be based in Hub's corporate headquarters in Chicago.

Prior to accepting the current position, Hyde was acting as the president of International Operations for Global Payments, where he managed the company's international business segment.

Hyde also worked as an executive vice president and chief financial officer of Global Payments from October 2005 to November 2008.

Headquartered in Chicago, Hub International offers a comprehensive suite of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada and Brazil.