Euronext today announced two senior appointments for its post trade business activities.
Andrew Simpson has been appointed Head of Post Trade at Euronext with effect from 18th August 2014. In his new role Andrew will be responsible for Euronext's relationship with LCH.Clearnet and the development of Euronext's clearing strategy for the cash and derivative markets. He will be based in London and reports to Lee Hodgkinson. Andrew has extensive experience in the financial services industry, having held a number of senior roles, including COO at Rate Validation Services (RVS), securing the mandate to calculate LIBOR, and Head of Business Development at EuroCCP, the pan-European clearing house. Previously he was COO at UK-based exchange SWX Europe, and prior to that Head of IT Strategy and Implementation for the Wholesale and Institutional Markets Division of the UK Financial Services Authority (FSA).
Hugo Rocha will be appointed, subject to regulatory approval, as a member of the Managing Board with responsibility for commercial and sales activities at Interbolsa, the Euronext subsidiary and Central Securities Depository (CSD) for the Portuguese market, with effect from 1st September 2014. Hugo has a strong track record in the European CSD business. He has joined from BNP Paribas Securities Services where he was a senior Sales & Relationship Manager covering Iberian clients. Previously Hugo worked for BNY Mellon, Clearstream Bank Luxembourg and Banco Santander in a variety of custodian and settlement development roles. Hugo is based in Porto and reports to Lee Hodgkinson and Luis Laginha, CEO of Euronext Lisbon and Interbolsa.
"We are delighted to welcome such experienced post trade specialists who will help to develop and optimise our post trade strategy, expand our business and drive further revenue growth," said Lee Hodgkinson, Head of Markets and Global Sales at Euronext. "These appointments underline our commitment to delivering maximum capital and cost efficiencies to our clients in the clearinging, custody and settlement space."