LCH.Clearnet appoints new global head of CDSClear 23 March 2015Paris Reporter: Becky Butcher
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Frank Soussan will become global head of CDSClear on 1 July 2015, LCH.Clearnet has confirmed.
Based in Paris, Soussan will lead the continued expansion of the service, which is the only European Market Infrastructure Regulation-authorised central counterparty for the clearing of credit default swaps.
He is currently head of in-business risk for CDSClear and will take on his new role from Gavin Wells, who will now focus exclusively on ForexClear.
Prior to Soussan’s roles at LCH.Clearnet, he served as senior portfolio manager for the credit special opportunities fund at Renshaw Bay.
He also had spells at Société Générale and J.P. Morgan.
Michael Davie, Group COO at LCH.Clearnet, commented: “We are delighted to announce Soussan’s appointment as the new global head of CDSClear, which further strengthens the group’s senior management team.”
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