William Hague has joined the boards of Intercontinental Exchange and ICE Futures Europe and will assume the role of chairman of ICE Futures Europe in January 2016.
Hague will succeed Bob Reid who is retiring from that role after 16 years of service. Reid will continue as the chairman of ICE Clear Europe through 2015.
Hague served as a member of the UK Parliament from 1989 to 2015. He entered the UK Cabinet in 1995 and led the Conservative Party from 1997 to 2001.
From 2010 to 2014, he served as first secretary of state and foreign secretary and between 2014 and 2015 he was the first secretary of state and leader of the House of Commons.
Jeffrey Sprecher, chairman and CEO of Intercontinental Exchange, commented: “We welcome Hague as incoming chairman of ICE Futures Europe and to the Intercontinental Exchange board.”
“He brings a unique combination of governmental experience and a deep understanding of business. Our markets will benefit from Hague’s private and public sector expertise as we seek to continue to grow by serving our customers in new ways.”
Hague commented: “I’m looking forward to working with Sprecher and the rest of the ICE team around the world as the business moves into the next phase of its growth.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 