The European Association of Central Counterparty Clearing Houses (EACH) has re-elected Ann Flodstrm, the senior vice president of derivatives operations for OMX, to serve a third year as Chairman.
She will be succeeded on 1 January 2008 by Rory Cunningham, director of strategy at LCH Clearnet Group.
Elected also were members of the executive committee to serve with Ann Flodstrm and Rory Cunningham: Danilo Battistelli of CC&G Cassa di Compensazione e Garanzia S.p.A. and Orlando Chiesa of Eurex Zurich AG.
“We will continue the work we have initiated in the last two years to make cross-border clearing and settlement activities more efficient, as well as ensuring that the evolving discussions on clearing and settlement in and around Europe are fully informed,” Flodstrm said.
“As the voice in Europe for central counterparty clearing, EACH has played an important role in shaping the future of Europe’s post-trade infrastructure,” Cunningham said. “The code of conduct, in particular, has been a major achievement for exchanges, clearing houses and central securities depositories, and I look forward to continuing work with colleagues in EACH and the related associations FESE and ECSDA once it has been fully adopted.”