European banks are getting set for new clearing rules over how they handle swaps
Bank of America Merrill Lynch has hired a clearing expert to
run client solutions and Newedge has parted company with its
head of swaps clearing as Europe’s top banks
countdown to new clearing rules.
The US bank hired earlier this month David Sellen, formerly
of JP Morgan, Nomura, Barclays and Credit Suisse, as the
Europe, Middle East and Africa head of client solutions,
futures & options and over-the-counter clearing.
Sellen, who is based in London, reports to Brooks Stevens, the
bank’s EMEA head of futures & options, and OTC
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