ICE recruits J.P. Morgan executive for clearing 03 March 2016Atlanta Reporter: Mark Dugdale
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Intercontinental Exchange (ICE) has appointed Hester Serafini as COO of ICE Clear in the US.
She has joined ICE from J.P. Morgan, where she led the over-the-counter clearing and intermediation business for credit, foreign exchange and rates derivatives in Europe, the Middle East and Africa.
In her new role, Serafini is responsible for managing the clearinghouse operations and interpreting and implementing regulatory changes.
ICE’s senior director for global soft commodity operations, David Farrell, has been promoted to COO of ICE Futures in the US.
Farrell joined ICE in 2012 and has held leadership roles in market supervision, product management, commodity operations and, most recently, head of global soft commodity operations across ICE Futures in the US and Europe.
“These appointments support our ability to better serve our customers and to build on our growth strategy,” commented Jeff Sprecher, chairman and CEO of ICE.
“Dave Farrell and Hester Serafini’s deep operational and risk management backgrounds, together with industry experience will position these businesses for continued growth by strengthening the service we provide.”
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