Christine Cumming Joins LCH.Clearnet’s Board as Non-Exective Director

Ms. Cumming will serve as an independent non-executive director as well as a member of the Risk Committee.

Christine Cumming has been added to the Board of Directors of LCH.Clearnet LLC, the Group’s US arm, according to an LCH.Clearnet statement.

Per the appointment, Ms. Cumming will serve as an independent non-executive director, as well as a member of the Risk Committee having garnered extensive experience in this realm. She joins the board with 35 years of experience at the Federal Reserve Bank of New York.

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This includes her most recent role as the Bank’s First Vice President, a position she held for over a decade, as well as a stint as its Chief Operating Officer (COO). Additional roles also include senior positions in the bank’s supervision and economic research divisions.

According to Jill Considine, Chairman of LCH.Clearnet LLC, in a recent statement on the appointment, “Christine has had a distinguished career at the Federal Reserve Bank of New York, often leading and participating in the work of a number of international financial policy committees.”

“Her experience will undoubtedly be an asset to LCH.Clearnet LLC and I am delighted to welcome Christine to the Board,” she added.
Earlier today, Citadel Securities Limited became the first non-bank clearing member of LCH.Clearnet’s SwapClear. The induction of Citadel Securities as the inaugural non-bank clearing member SwapClear aimed to substantiate and complement the group’s recent launch of income market-making operations in Euro swaps.

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