Andrew Lamb, a former head of LCH.Clearnet Ltd, will be chief
executive officer of CME Clearing Europe, once the new clearing
house is approved by the UK’s Financial Services
For now, Lamb will be a special adviser to CME Group during
the approval process for the entity to become a UK recognised
clearing house (RCH), handling over-the-counter
If the clearing house is approved, Lamb will be responsible
for strategy, risk management and day-to day operations, based
"Our efforts to launch CME Clearing Europe are
intended to provide greater efficiencies to our European
customer base during local market hours," said Craig Donohue,
CME’s chief executive. "Volume during non-US
trading hours has grown to more than 14% of CME Group volume
For the last few years Lamb has been a private consultant on
clearing, risk management and settlement, working for, among
others, the Futures Industry Association and the Futures and
From 1993 to 2003 he was head of risk and deputy CEO of
London Clearing House, and then became CEO and director of
LCH.Clearnet Ltd in London between 2004 and 2006. Lamb also
worked at the Bank of England for 15 years.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |