ICE Clear Europe Names Hester Serafini as President

Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Inc. (ICE) announced this week that it has appointed a new President of ICE Clear Europe, the company’s clearinghouse based in London, with Hester Serafini taking on the role.

ICE is an operator of global exchanges and clearinghouses. Namely, it is the parent company of the New York Stock Exchange (NYSE). Serafini’s appointment comes after months of acting as the Interim President of ICE Clear Europe since February of 2020.

Prior to being the Interim President of ICE Clear Europe, Serafini was the President and COO of ICE Clear US, a role she held since January of 2017. Taking on this role is Kevin McClear, who was previously the Chief Risk Officer at ICE.

Commenting on the appointment, Chris Edmonds, Global Head of Clearing & Risk at Intercontinental Exchange said in the statement: “The Board of ICE Clear Europe conducted a thorough search for the new President, reviewing an extensive list of internal and external candidates. Hester’s exceptional knowledge and experience both within ICE and from across global finance, made her the stand out choice.”

Hester Serafini joined ICE in 2016

Serafini has been with ICE since March of 2016 when she joined from JP Morgan. At the multinational bank, she led the over the counter (OTC) clearing and intermediation business for credit, foreign exchange (FX) and rates derivatives in Europe in the MENA region.

Earlier in her career, Serafini was the global head of credit prime brokerage and clearing for Deutsche Bank. She also held several positions at Goldman Sachs, where she started her career. Among those roles, she was Chief Risk Officer of the Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term Division, Chief Risk Officer of Fixed Income Prime Brokerage and U.S. Head of the Structured Equity-Linked Notes business.

“Since taking over as Interim President in February this year, ICE Clear Europe has safely navigated unprecedented market activity, managing risk between counterparties and demonstrating why clearing is so important to the soundness and stability of the global financial system,” Serafini added in the statement.

“I am excited by the opportunity to lead one of the world’s leading and most diverse clearing houses, which works every day to be a reliable and secure marketplace for global transactions.”