EuroCCP Names David Hatton as CTO, Replacing Albert-Jan Huizing

EuroCCP, a clearinghouse based in Europe, has secured a new Chief Technology Officer (CTO) - David Hatton, the company announced this Tuesday. He will be taking over from Albert-Jan Huizing, who will be stepping down from his position at the end of June.

Hatton has some big shoes to fill, as Huizing has worked with the 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 since its establishment in 2007. Taking a look at his resume, however, it appears that Hatton is more than up to the task as he brings more than 25 years of experience with technology in the financial services industry.

At EuroCCP, Hatton will be in charge of setting the clearinghouse’s IT strategy and managing the IT function in terms of infrastructure, application development, and support. As the CTO of EuroCCP, he will report directly to Cécile Nagel, the Chief Executive Officer of the company.

David Hatton Brings 25 Years of Experience to EuroCCP

During his career, Hatton has held positions throughout Europe in London, Frankfurt, Paris, and Geneva. Most recently, Hatton was employed at Commerzbank AG from September of 2017 until March of 2018, his LinkedIn states.

While here, he was the Product Owner for the Foreign Exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) Option Migration Project. Hatton’s most recent stint at the German bank was not his first. In fact, he has previously worked with the firm from July 2002 until August of 2005, and again from 2009 - 2010.

Prior to his most recent tenure with the German company, Hatton was at LCH, joining in 2011. During his time with the clearinghouse, he helped build and launch its FX clearing service - ForexClear.

He then moved to Paris to become the Head of IT for CDSClear. According to the statement, in this role, Hatton led the technical aspects of CDSClear’s transformation program. Beyond that, he also ran the IT strategy, run, and change.

Commenting on the appointment, Nagel said: “I am delighted that David has chosen to join EuroCCP. As we continue to develop our business, we need to understand how existing and new technology can help support our growth and bring efficiencies to our clients.”

Hatton will join the clearinghouse as its CTO on the 20th of May 2019. According to the statement, this is to allow enough time for handover and a smooth transition.

Paying tribute to Huizing, Nagel added: “He has been integral to the development and success of EuroCCP since it was launched more than 10 years ago, helping turn the business into one of Europe’s leading market infrastructures. His contribution and counsel will be missed.”