LCH.Clearnet Taps Ali Hacket to Newly Created Global Head of Sales Role

Global 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, LCH.Clearnet Group, has appointed Ali Hackett to the newly created role of Global Head of Sales and Relationship Management, according to an LCH.Clearnet statement.

In her new role as the global head of sales and relationship management at LCH.Clearnet, Ms. Hackett will be tasked with augmenting the value, reach and scope of the Group’s existing customer relationships, as well as procuring new member and client business opportunities.

She will be reporting to LCH.Clearnet’s Group CEO, Suneel Bakhshi – her appointment will also see her added to LCH.Clearnet’s Executive Committee. In her role as the global head of sales she will be based out of New York.

Ms. Hacket joins LCH.Clearnet from Formation 8. Prior to this, she served in a number of senior level roles at CME Group as its Senior Managing Director and Global Client Development and Sales. Additional stops include two decades at Citi, where she worked as the Managing Director and Co-Head of Global Prime Finance.

According to Suneel Bakhshi, CEO of LCH.Clearnet Group, in a recent statement on the appointment, “LCH.Clearnet continues to play a critical role within global capital markets and our customer base reflects the international nature of our business. I am therefore delighted to welcome Ali Hackett to the Group.”

“Her experience, expertise and deep knowledge of our industry will further strengthen our global management team. In her new role, she will be integral to ensuring that we maintain a harmonised approach in our relationships with customers as we continue to grow our business and services around the world,” he added.