Euronext is shaking up its post-trade business with two senior appointments, naming Andre Simpson head of post trade at Euronext and Hugo Rocha a member of the managing board at Interbolsa with responsibility for commercial and sales activities, according to a statement from the exchange operator.
Simpson’s appointment went into effect on August 18 while Rocha will take up his new role on September 1, subject to regulatory approval. Interbolsa is the Euronext subsidiary and Central Securities Depository for the Portuguese market.
In his new role as head of post trade, Simpson will be responsible for Euronext’s relationship with LCH.Clearnet and the development of Euronext’s clearing strategy for the cash and derivative markets, according to the statement.
Simpson held a number of roles during his time in the financial services industry, including chief operating officer of rate validation services and head of business development at EuroCCP, the pan-European clearing house, officials say.
Rocha has a “strong track record in the European CSD business,” according to the statement, and was a senior sales and relationship manager covering Iberian clients with BNP Paribas Securities Services before joining Euronext.
“We are delighted to welcome such experienced post-trade specialists who will help to develop and optimize our post-trade strategy, expand our business and drive further revenue growth,” says Lee Hodgkinson, head of markets and global sales at Euronext, in a written statement. “These appointments underline our commitment to delivering maximum capital and cost efficiencies to our clients in the clearing, custody and settlement space.”
Need a Reprint?
Leave a Reply