CME Clearing Europe Names Tina Hasenpusch as CEO, Replacing Lee Betsill

CME Clearing Europe has elevated Tina Hasenpusch to the role of Chief Executive Officer (CEO), replacing Lee Betsill, who is slated to take up the position of Managing Director, Global Clearing Operations at CME Clearing, according to a CME statement.

Ms. Hasenpusch initially joined CME Clearing Europe back in 2009 as its Head of Clearing & Business Development. Since then, she has risen though the ranks to become its Managing Director and Chief Operating Officer (COO) in 2013.

Based out of London, Ms. Hasenpusch has worked with Betsill, forming an integral part of CME Group's global operations. In her new role as the CEO of CME Clearing Europe, she will be tasked with the continued growth in its business as well as administering the group’s clearing requirements.

Prior to joining CME Clearing Europe, Ms. Hasenpusch worked at Barclays Investment as a member of its senior strategy team – additional stops include Eurex.

In the aftermath of the promotion, CME Clearing Europe has tapped Tony Zangrilli as its newest COO to replace Ms. Hasenpusch. Mr. Zangrilli steps into the role with a penchant for OTC and equity options.

According to Sunil Cutinho, Senior Managing Director and President of CME Clearing, in a recent statement on the appointment, "CME Clearing Europe continues to be an important part of our clearing offering to global market participants. Tina's strong background in clearing and deep knowledge of both the Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term space and CME Group will ensure we continue to develop our offering in Europe.”

“We are particularly grateful to Lee, who has done remarkable work establishing a great team and leading the operation of CME Clearing Europe so far, and we look forward to continuing to work closely with him in the future to grow our global clearing and repository services," Cutinho added.

Earlier this month, CME Group lost two senior foreign exchange (FX) directors, including Nigel Manthorp and Malcolm Baker, ending a respective stint for each London-based executive.

CME Clearing Europe is CME Group's European multi-asset class Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term. CME Clearing Europe has grown over the years to include a wide spectrum of cash settled and physically delivered OTC and exchange traded derivatives, as well as FX and commodities.