EuroCCP has appointed a senior markets business head at the London Stock Exchange (LSE) as its new chief executive officer, succeeding long-serving CEO Diana Chan.
Cécile Nagel joins the equities clearinghouse after almost 10 years with the LSE in various roles, most recently as head of LSE markets global product development and LSE exchange traded products.
Around five years after joining LSE, Nagel also worked at the exchange operator’s clearinghouse LCH as global head of equities and commodities, overseeing the company’s cash equities, equities and commodities derivatives business.
“We are delighted to have Cécile join as EuroCCP’s CEO. She is one of Europe’s leading market structure experts and is ideally placed to lead the business at a time when the equities market is expected to continue to transform as a result of regulatory change and the application of new technology,” said Jan Bart de Boer, chairman of EuroCCP’s supervisory board.
EuroCCP’s former chief executive, Chan, departed the clearinghouse earlier this month after leading the company for 10 years. She announced her plans to leave EuroCCP in November last year.
Chan was appointed CEO at EuroCCP in 2007 and oversaw the merger between EuroCCP Ltd and EMCF in 2013, which led to the creation of EuroCCP N.V as a pan-European equities central counterparty clearinghouse.
“I am honoured to have been asked to lead EuroCCP,” Nagel commented. “It is a major market infrastructure in Europe with a strong equities footprint and significant opportunities for growth. I look forward to working with my new colleagues to deliver the next stage of its development for the benefits of clearing members, trading venues and all stakeholders.”
She will begin her new role as CEO at EuroCCP in September this year.