ICE Strengthens Board with Two New Directors, Ann Cairns and Duriya Farooqui

Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), an operator of global exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has made two changes to its board of directors, electing Ann Cairns and Duriya Farooqui as its newest additions with immediate effect, per a regulatory filing.

Ms. Cairns joins the ICE board having garnered a lengthy career in the banking space. She currently serves as the President of International Markets for MasterCard with previous senior roles at ABN-AMRO and Citigroup. She was initially appointed Chairperson of the ICE Clear Europe Board of Directors, following the retirement of Bob Reid.

By extension, Ms. Farooqui is the acting Executive Director of the Atlanta Committee for Progress. She has previously worked as a principal at Bain & Company, with additional municipal experience as the Chief Operating Officer of the City of Atlanta.

According to Jeffrey C. Sprecher, ICE’s Chairman and Chief Executive Officer, in a statement on the appointments: “We are very pleased to welcome these strong leaders in their respective fields to our board of directors. Ann’s experience in international finance, public policy and governance, along with Duriya’s background in government and operations will bring valuable insights and expertise.”