ICE Appoints Joanne Rowe as the Corporate Risk Officer

Intercontinental Exchange, Inc. (ICE), the parent company of the New York Stock Exchange (NYSE) announced earlier today in New York that is has appointed Joanne Rowe as the Corporate Risk Officer.

Rowe is currently the Corporate Risk Officer for ICE’s North American Exchanges. She has been with the exchange and 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 operator since 2013. In her new role, she will be leading the team which manages the company’s global enterprise 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 program and related functions.

With the latest appointment, Rowe is succeeding Kevin McClear. As Finance Magnates reported, McClear was appointed as the President of ICE Clear US. McClear, in turn, was replacing Hester Serafini, who was appointed to the role of President of ICE Clear Europe.

Commenting on the appointment, Scott Hill, Chief Financial Officer of Intercontinental Exchange said in the statement: “ICE’s unique corporate culture, for the entirety of its twenty years, has always been a balance of entrepreneurial problem solving and prudent risk management as operators of a complex network of global exchanges and clearinghouses.

“Joanne has made strong contributions at critical junctures of our growth, from the integration of NYSE Euronext into ICE, to helping to build a world class enterprise risk management foundation which, in her new role, she will continue to expand and strengthen under her outstanding leadership.”

Rowe joined ICE after NYSE Euronext acquisition

Rowe joined ICE after the acquisition of NYSE Euronext. During her time with the exchange operator, and throughout her broader career before ICE, she has worked in roles ranging from the fields of audit and enterprise risk management.

In particular, she began as an audit manager in the UK Ministry of Justice before moving to BNP Paribas Fortis UK. She also served as Managing Director of Audit Services for the London International Financial Futures Exchange (LIFFE) and Euronext.

Whilst holding the position of CRO of ICE’s North American Exchanges, Rowe also served as the interim CRO for ICE Clear Europe. Prior to her current position, she was the Senior Director of Internal Audit for ICE North America.