Source: LCH.Clearnet
LCH.Clearnet Group (“LCH.Clearnet”), the global clearing house, today announced that Christine Cumming has been appointed to the Board of Directors of LCH.Clearnet LLC, the Group’s US-based entity.
Christine serves as an independent non-executive director and also as a member of the Risk Committee.
Prior to her appointment, Christine held a number of leadership positions over her 35-year tenure at Federal Reserve Bank of New York. Most recently she held the role as the Bank’s First Vice President for 11 years, also serving as Chief Operating Officer. In her earlier roles at the Bank, she specialised in bank supervision and economic research, contributing to policy work on risk management, capital markets, liquidity management, and the handling of failed and failing financial institutions.
Jill Considine, Chairman of LCH.Clearnet LLC, said: “Christine has had a distinguished career at the Federal Reserve Bank of New York, often leading and participating in the work of a number of international financial policy committees. Her experience will undoubtedly be an asset to LCH.Clearnet LLC and I am delighted to welcome Christine to the Board.”