Intercontinental Exchange (NYSE: ICE) continues to see the changing of its leadership team, this time in its ICE Clear Europe segment. The group on-boarded Boudewijn Duinstra as its newest Head of First Line Clearing Risk, underlying ICE’s growing emphasis on the risk management space heading into 2018.
The addition of Mr. Duinstra reflects one of ICE Clear Europe most senior hires in Q4, as he has worked for nearly two decades in the financial services industry. He joins ICE Clear Europe after a lengthy stint at ABN AMRO. In the newly created role he will be working alongside Finbarr Hutcheson, President of ICE Clear Europe.
Mr. Hutcheson commented on the appointment: “We’re delighted to welcome Boudewijn to ICE Clear Europe. Bou brings extensive risk management experience from over 20 years working in financial markets and I look forward to working with him in this newly created role.”
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Area of emphasis
Risk management is one of the key pillars of ICE Clear Europe heading into 2018 given a litany of regulatory constraints and changes taking place in the bloc. As of January 3, 2018 the MiFID II regime will come into full force, requiring a wide range of new emphasis on the space. By extension, lingering Brexit developments will also necessitate a renewed focus on the sector.
For his part, Mr. Duinstra comes over to ICE Clear Europe from ABN AMRO Clearing Bank, a subsidiary of ABN AMRO Group. In this capacity, he worked as its Global Chief Risk Officer having also served on its executive board. He worked at the group for the past thirteen years, constituting the bulk of his professional career.
Prior to joining ABN AMRO Clearing Bank, Mr. Duinstra also worked in risk management and trading roles at a European proprietary trading firms MeesPierson and AOT, according to information made public on his Linkedin profile.