European Multilateral Clearing Facility NV (EMCF) today announced the appointment of Hugh Brown as Director of UK Markets.
In this newly created position, Hugh will be EMCF's representative in London, managing the relationships with UK-based platforms and clients, liaising with regulators and industry bodies and helping to develop EMCF's strategy and positioning on industry issues.
Hugh joins EMCF following 17 years with the London Stock Exchange Group, where his roles have included managing trading, post trading and regulatory strategy.
"Hugh joins EMCF at a critical time for the European financial sector, when the marketplace is about to start offering interoperability," said Jan Booij, chief executive officer of EMCF. "We are fortunate to add to our team someone with experience on both the exchange and CCP side, which will assist us greatly in serving clients and platforms of EMCF in the UK."
"I am delighted to be joining Europe's largest cash equity CCP at this exciting time," said Hugh. "I have admired the way EMCF was built from scratch in 2007 to deliver safe and efficient pan European clearing for customers and look forward to helping it in the next phase of its development."
Hugh will report directly to Jan Booij, chief executive officer EMCF.